ZUARI INDUSTRIES LIMITED has informed the Exchange that Board of Directors at its meeting held on May 27, 2025, declared Interim Dividend on Unlisted Preference Shares of the Company, as per details given below:1). 10.5% Non-Convertible Redeemable Preference Shares of Rs.10/- each ( 10.5%NCRPS ): Interim dividend at the rate of 10.5%, i.e., Rs.1.050 per 10.5% NCRPS for the Financial Year 2024 25. Interim dividend at a proportionate rate of 2.22%, i.e., Rs. 0.222 per 10.5% NCRPS for the period from 1 April 2025 to 16 June 2025 (i.e., up to the date of redemption).2). 7% Non-Convertible Redeemable Preference Shares of Rs. 10/- each ( 7% NCRPS ): Interim dividend at the rate of 7%, i.e., Rs. 0.700 per 7% NCRPS for the Financial Year 2024 25. Interim dividend at a proportionate rate of 1.48%, i.e., Rs. 0.148 per 7% NCRPS for the period from 1 April 2025, to 16 June 2025.
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Zuari Industries' Board, at its meeting on May 27, 2025, declared interim dividends on its unlisted Non-Convertible Redeemable Preference Shares (NCRPS) ahead of their redemption on June 16, 2025. For the 10.5% NCRPS of Rs.10 each, shareholders will receive Rs.1.050 per share for FY 2024-25 plus a proportionate Rs.0.222 per share for the period from April 1 to June 16, 2025. For the 7% NCRPS of Rs.10 each, the dividend is Rs.0.700 per share for FY 2024-25 plus Rs.0.148 per share for the April 1–June 16, 2025 period. These are contractual, fixed-rate payouts on preference shares, not discretionary equity dividends.
This announcement pertains only to unlisted preference shareholders and does not affect equity shareholders or the listed stock price. The redemption of NCRPS on June 16, 2025 will reduce the company's preference share capital but is a routine liability settlement with no material impact on ordinary equity investors.