Zuari Industries Limited shareholders have approved four resolutions through a postal ballot process conducted via remote e-voting, which concluded on 28 June 2026. The voting results, disclosed on 30 June 2026, saw the re-appointment of Mr. Alok Saxena as Whole Time Director and Key Managerial Personnel designated as Executive Director. Additionally, shareholders sanctioned an increase in borrowing powers, the creation of charges on assets, and a material related party transaction with Zuari Envien Bioenergy Private Limited.

The remote e-voting period commenced on 30 May 2026 and ended on 28 June 2026. Ms. Aditi Gupta, Practicing Company Secretary, was appointed as the Scrutinizer to oversee the process and submitted her report confirming the outcomes. The resolutions were passed with the requisite majority, deemed effective as of the last date of remote e-voting.

Voting Results Summary

The resolutions covered special and ordinary business items, requiring shareholder approval under the Companies Act, 2013 and SEBI Listing Regulations. The table below details the voting outcomes for each resolution:

Procedural Details

The postal ballot notice was issued to members on 29 May 2026. Shareholders holding shares as of the record date, 22 May 2026, were eligible to vote. A total of 31,200 shareholders were on record as of the cut-off date. For the resolution regarding the related party transaction, 2,757,941 votes from the Promoter and Promoter Group were declared invalid and were not counted in the final tally.

The Scrutinizer's report confirmed that the votes were reconciled with records maintained by the company and its Registrar to an Issue and Share Transfer Agent, Zuari Finserv Limited. The results were unblocked on the NSDL e-voting platform in the presence of independent witnesses.

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.