Zuari Industries has declared an interim dividend on its unlisted 7% Non-Convertible Redeemable Preference Shares (NCRPS) for the period ending June 29, 2026. The Board of Directors approved the dividend at a rate of 1.72603%, amounting to Re. 0.172603 per share, impacting a total of 50,81,448 NCRPS. Additionally, the board sanctioned the redemption of 81,448 of these preference shares as their term expires on the aforementioned date.

The preference shares in question were issued and allotted following the Scheme of Amalgamation between Zuari Industries Limited (formerly Zuari Global Limited) and Gobind Sugar Mills Limited. Originally, 59,22,080 unlisted 7% NCRPS were allotted to the preference shareholders of Gobind Sugar Mills Limited. Prior to this announcement, 8,40,632 of these shares had already been redeemed in September 2025.

The dividend covers the period from April 1, 2026, to June 29, 2026. The company clarified that the intimation regarding these corporate actions was submitted voluntarily to the exchanges, as the preference shares are not listed on any stock exchange platform. The resolutions for both the dividend declaration and the redemption were passed by circulation on June 29, 2026.

Details of NCRPS Corporate Actions

The redemption applies specifically to the 81,448 NCRPS whose term concludes on June 29, 2026. The dividend, however, applies to the entire remaining balance of 50,81,448 shares.

Jeewan Jyoti Medical Society has confirmed that it, along with persons acting in concert, did not create any encumbrance on shares of Zuari Industries Limited during the financial year ended March 31, 2026. This disclosure ensures that no new liens or charges were placed on the holdings outside of those previously reported to the stock exchanges and the company.

The declaration was submitted to the Audit Committee of Zuari Industries Limited, the National Stock Exchange Limited, and BSE Limited. It was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The communication, dated April 2, 2026, serves as a formal confirmation for the records of the company and the regulatory authorities. It explicitly states that the absence of encumbrance applies both directly and indirectly to the shares held by the society and its concert parties.