ZUARI INDUSTRIES LIMITED has informed the Exchange regarding ''.
ZUARIIND · price
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Zuari Industries is redeeming 58,52,034 unlisted 10.5% Non-Convertible Redeemable Preference Shares (NCRPS) of Rs. 10 each at par, totalling about Rs. 5.85 crore. This follows the Scheme of Amalgamation between Zuari Industries and Gobind Sugar Mills approved by the NCLT. An interim dividend has also been declared on these NCRPS at 10.5% (Rs. 1.05 per share) for FY25, plus a proportionate dividend of ~2.22% (Rs. 0.222 per share) for the period from April 1, 2025 up to the redemption date of June 16, 2025. The record date for identifying eligible preference shareholders has been fixed as June 16, 2025. Redemption and dividend payments will be made within statutory timelines, with applicable TDS deductions.
This action relates only to unlisted preference shareholders and is part of an already-disclosed amalgamation scheme, so there is limited direct impact on equity shareholders. The small redemption amount (Rs. 5.85 crore) is unlikely to materially affect the equity stock price.