Zuari Agro Chemicals Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Nitin M. Kantak as Managing Director and Mr. Pramod Kumar Gupta as a Non-Executive Non-Independent Director. The e-voting period commences on June 24, 2026, and concludes on July 23, 2026, with the results scheduled to be announced on July 24, 2026. The resolutions require a special majority for the Managing Director's appointment and remuneration, and an ordinary resolution for the Director's appointment.

Mr. Nitin M. Kantak, currently an Executive Director, is proposed to be appointed as Managing Director for a period of one year effective from September 3, 2026, to September 2, 2027. The remuneration package includes a basic salary of ₹5,48,803 per month, a house rent allowance of ₹1,42,997 per month, and other allowances of ₹78,200 per month. The appointment is subject to shareholder approval via special resolution, considering the company may have inadequate profits during his tenure.

Mr. Pramod Kumar Gupta was appointed as an Additional Director in the Non-Executive Non-Independent category effective June 17, 2026. Shareholder approval is now being sought to regularize his appointment. Mr. Gupta is a Chartered Accountant with over 38 years of experience and currently serves as the Group CFO of the Adventz Group. He brings expertise in finance, business strategy, and organizational development.

Details of Appointment

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process. Mr. Shivaram Bhat has been appointed as the Scrutinizer for the postal ballot. The cut-off date for determining shareholder eligibility is June 19, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE840M01016/731c83d424e442fa.pdf

Saroj Kumar Poddar, acting as Trustee of Saroj and Jyoti Poddar Holdings Private Trust, has confirmed that no encumbrance was created on the shares of Zuari Agro Chemicals Limited during the financial year ended March 31, 2026. The declaration, submitted to the National Stock Exchange Limited and BSE Limited, ensures that no new charges were placed on the shares other than those previously disclosed to the exchanges and the company. This disclosure provides transparency regarding the ownership status and potential liabilities associated with the shares during the specified period.

The declaration was made in pursuance of Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Devendra Khemka signed the declaration as the Authorised Signatory for and on behalf of Saroj Kumar Poddar. The confirmation covers the entire financial year, ensuring that the shares held by the acquirer and persons acting in concert remain free from undisclosed encumbrances.

Disclosure Details

The following table summarizes the key details of the disclosure:

The letter was addressed to the Audit Committee of Zuari Agro Chemicals Limited and copied to the stock exchanges. The disclosure was signed in Kolkata on April 02, 2026.