Zuari Industries Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling mandatory regulatory requirements under SEBI regulations for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 on April 13, 2026. Company Secretary Yadvinder Goyal submitted the documentation to both the National Stock Exchange of India and BSE Limited, requesting the exchanges to take the compliance certificate on record.

Registrar Confirmation

Zuari Finserv Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on April 10, 2026. The registrar confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed according to regulatory requirements.

The certificate confirms that securities received for dematerialization were appropriately accepted or rejected, and that security certificates were mutilated and cancelled after due verification by depository participants. Additionally, the registrar verified that depositories' names were substituted in the register of members as registered owners within the mandated 15-day timeframe.

Administrative Details

Compliance Officer Yashwant Kumar Singh from Zuari Finserv Limited signed the confirmation certificate, ensuring all procedural requirements were met. The registrar operates from New Delhi and maintains comprehensive records of all dematerialization activities for the company.

This routine compliance filing demonstrates the company's adherence to SEBI regulations governing depositories and participants, ensuring transparent and proper handling of securities dematerialization processes during the quarter.

Zuari Industries Limited has successfully completed its postal ballot process, with shareholders approving a material related party transaction between Simon India Limited and Paradeep Phosphates Limited. The resolution was passed with a decisive majority of 70.99% votes in favor, demonstrating shareholder confidence in the proposed business arrangement.

Voting Results and Participation

The postal ballot, conducted entirely through remote e-voting via the NSDL platform, concluded on April 4, 2026, after running from March 6, 2026. Out of 31,987 total shareholders on the record date of February 27, 2026, the voting participation varied significantly across different categories.

Resolution Details and Corporate Governance

The ordinary resolution sought approval for material related party transactions between Simon India Limited and Paradeep Phosphates Limited. Notably, the promoter and promoter group, despite holding 16,888,079 shares, did not participate in the voting process, likely due to their interest in the proposed transaction as required under corporate governance norms.

Scrutinizer Report and Validation

Ms. Aditi Gupta of Aditi Agarwal & Associates, Company Secretaries, served as the appointed scrutinizer for the postal ballot process. Her report confirmed that 112 members voted in favor of the resolution while 11 members voted against it. The scrutinizer also noted 2,757,941 invalid votes from one member in the promoter group category.

Key Process Highlights

The postal ballot process demonstrated several important aspects of corporate governance and shareholder participation. Public institutions showed exceptionally high participation with 96.40% polling rate, while public non-institutional shareholders demonstrated overwhelming support with 99.10% of participating members voting in favor.

Regulatory Compliance

The postal ballot was conducted in accordance with Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and Sections 108 & 110 of the Companies Act, 2013. The company fulfilled all disclosure requirements by submitting detailed voting results to both NSE (Symbol: ZUARIIND) and BSE (Scrip Code: 500780) on April 6, 2026.

The successful completion of this postal ballot enables Zuari Industries to proceed with the approved material related party transaction, subject to other applicable regulatory approvals and conditions.