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.

Zuari Industries returned to profitability in FY26, reporting a consolidated net profit of ₹105.8 crore against a net loss of ₹94.4 crore in the previous year. The turnaround was driven by improved operational efficiencies, financial discipline, and a reduction in borrowing costs. The Board of Directors, meeting on May 25, 2026, approved the audited standalone and consolidated financial results and recommended a final dividend of ₹1 per equity share. The company filed a revised investor presentation with exchanges on May 26, 2026, superseding the previous day's submission. Additionally, the company confirmed that newspaper publications for the audited financial results were released on May 26, 2026, in Business Standard and Lokmat, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, V. Sankar Aiyar & Co., issued an unmodified opinion on the audited financial results.

Q4 Performance

Zuari Industries reported notable quarterly momentum, with Q4 EBITDA rising to ₹423 million compared to ₹276 million in the same period last year, reflecting a significant improvement in operational profitability. The Q4 EBITDA margin expanded to 14.93% from 10.14% year-on-year, underscoring improved cost efficiencies. Q4 consolidated revenue grew to ₹2.83 billion from ₹2.7 billion year-on-year. However, the company reported a Q4 consolidated net loss of ₹316 million, widening from a net loss of ₹207 million in the corresponding period of the previous year.

The key Q4 metrics are summarised below:

Full Year Financial Performance

For the full year, the company posted a consolidated total income of ₹1,155.1 crore, up from ₹1,082.5 crore in FY25. Consolidated EBITDA rose 12.20% year-on-year to ₹181.0 crore. On a standalone basis, Zuari Industries reported a net profit of ₹12.1 crore for the year, recovering from a net loss of ₹37.4 crore in FY25. Standalone EBITDA increased 6.80% to ₹191.5 crore, while total income rose to ₹994.9 crore from ₹979.9 crore.

Operational Highlights

The Sugar, Power & Ethanol (SPE) division delivered strong operational performance, achieving its highest-ever seasonal crush of 163.7 lakh quintals. Total cane crush for FY26 stood at 159.7 lakh quintals as against 157.2 lakh quintals in FY25. Ethanol production increased by 10.10% year-on-year to 37,276 KL. Zuari Infraworld India Limited's real estate project, The St. Regis Residences in Dubai, achieved approximately 98% completion, with handovers scheduled from June 2026. Simon India Limited strengthened its execution capabilities, with EBITDA improving to ₹6.8 crore compared to ₹0.9 crore in FY25.

Dividend and Appointments

The Board recommended a final dividend of ₹1 per equity share of ₹10 each, subject to shareholder approval at the upcoming Annual General Meeting. Directors approved the re-appointment of Mr. Alok Saxena (DIN: 08640419) as Whole Time Director and Key Managerial Personnel designated as Executive Director for a period of two years, effective from July 1, 2026, to June 30, 2028.