Zuari Industries Limited has published the notice for its postal ballot process in newspapers on 30 May 2026. The publication appeared in Business Standard (All India editions, English) and Lokmat Goa (Regional language newspaper). The notice seeks shareholder approval for four key resolutions, including the re-appointment of Mr. Alok Saxena as Executive Director and an increase in the company's borrowing powers.

The remote e-voting facility is scheduled to commence on 30 May 2026 and conclude on 28 June 2026, with the results expected to be announced on or before 30 June 2026. The Board has proposed the re-appointment of Mr. Alok Saxena (DIN: 08640419) as Whole Time Director and Key Managerial Personnel designated as Executive Director for a further period of two years, effective from 1 July 2026 to 30 June 2028. His remuneration package includes a basic salary of ₹4,42,917 per month, a conveyance allowance of ₹1,18,556 per month, and a performance-linked variable pay of ₹88,828 per month, among other perquisites.

To bolster financial flexibility, the company seeks approval to increase its borrowing powers. The proposed resolution authorizes the Board to borrow monies exceeding the aggregate of the paid-up share capital, free reserves, and securities premium, up to a limit of ₹2,100 crore. This supersedes the previous approval of ₹2,000 crore granted via a postal ballot on 28 August 2020.

Shareholders are also asked to approve the creation of charges on the company's movable and immovable assets to secure these borrowings. Additionally, the notice includes an ordinary resolution for material related party transactions with Zuari Envien Bioenergy Private Limited, a joint venture, for an aggregate value not exceeding ₹163.44 crore during the Financial Year 2026-27.

Ms. Aditi Gupta of M/s Aditi Agarwal & Associates has been appointed as the Scrutinizer to oversee the postal ballot process. The cut-off date for determining shareholder eligibility is Friday, 22 May 2026. The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process, with the e-voting event number listed as 139476.

Key Resolutions for Shareholder Approval

Zuari Industries Limited has issued a formal intimation dated 12 May 2026 to its shareholders holding shares in physical form, urging them to mandatorily furnish or update their PAN and KYC details with the Company's Registrar to an Issue and Share Transfer Agent (RTA), Zuari Finserv Limited. The intimation has been filed with both the National Stock Exchange of India Ltd and BSE Limited, pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Regulatory Basis for the Directive

The directive is issued in compliance with SEBI's Master Circular No. HO/38/13/(4)2026-MIRSD-POD/1/4298/2026 dated 6 February 2026, read in conjunction with the following earlier SEBI circulars:

• Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated 16 March 2023
• Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2023/181 dated 17 November 2023
• Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/81 dated 10 June 2024

These circulars collectively mandate that shareholders holding shares in physical form furnish or update their PAN and complete KYC details with the Company's RTA.

KYC Details Required from Physical Shareholders

Physical shareholders are required to submit a comprehensive set of documents and details. The following table outlines the specific particulars and the corresponding forms to be submitted:

Shareholders who wish to opt out of nomination may submit Form ISR-3, while those seeking to modify an existing nomination may submit Form No. SH-14. All relevant forms are available on the Company's website at https://www.zuariindustries.in/investor-resources and on the RTA's website at https://www.zuarimoney.com/static/depository-rta.aspx .

Consequences of Non-Compliance

Shareholders who have not updated their PAN and complete KYC details — including mobile number, postal address with PIN, bank account details, and specimen signature — will face the following restrictions:

• They will not be eligible to lodge any grievance or avail of any service request from the Company's RTA.
• Any payment including dividend, interest, or redemption payment (if any) in respect of such folios will only be made through electronic mode, and only after the complete documents and details have been furnished.

Additionally, the Company has highlighted that the PAN furnished must be linked with Aadhaar. Failure to establish this linkage will render the folio non-KYC compliant, potentially resulting in restrictions on securities and other transactions.

Submission Details and Dematerialisation Request

Physical shareholders are requested to submit the required information and documents at the earliest to the Company's RTA at the following address:

Shareholders are also encouraged to dematerialise their physical shares by sending a demat request to their Depository Participant, to register their email ID for electronic communications, and to provide or update their choice of nomination for smooth transmission of securities. The intimation has been signed by Yadvinder Goyal, Company Secretary, Zuari Industries Limited, on 12 May 2026.