Date: 29 June 2026
Board Meeting Outcomes
- The Board of Directors approved the redemption of 81,448 unlisted 7% Non-Convertible Redeemable Preference Shares (7% NCRPS) of ₹10 each
- The Board declared an Interim Dividend on total 50,81,448, 7% NCRPS of ₹10 each at the rate of 1.72603% (approximately), i.e., Re. 0.172603 per 7% NCRPS
- The dividend is for the period from 1 April 2026 to 29 June 2026
- Both decisions were made through resolutions passed by circulation on 29 June 2026
Background and Context
- 59,22,080 unlisted 7% Non-Convertible Redeemable Preference Shares were originally issued and allotted under the Scheme of Amalgamation between Zuari Industries Limited (formerly Zuari Global Limited) and Gobind Sugar Mills Limited and their respective shareholders and creditors
- These shares were issued to preference shareholders of Gobind Sugar Mills Limited
- Out of the original 59,22,080 shares, 8,40,632 were already redeemed in September 2025
- The remaining 50,81,448 shares included 81,448 shares whose term was expiring on 29 June 2026
Disclosure Status
- This intimation is submitted voluntarily for information only
- The preference shares are not listed on any stock exchange