Zuari Agro Chemicals Receives Equity Shares from ZMPPL Through Preference Share Conversion

Zuari Agro Chemicals Limited has announced the allotment of equity shares by its subsidiary Zuari Maroc Phosphates Private Limited (ZMPPL) through a preference share conversion mechanism. The transaction was completed on December 22, 2025, and disclosed under Regulation 30 of the SEBI LODR Regulations.

Share Allotment Details

ZMPPL has allotted 69,16,173 equity shares worth ₹6.92 crores to Zuari Agro Chemicals Limited through the conversion of compulsorily convertible preference shares. The conversion represents a significant corporate action between the parent company and its subsidiary.

Parameter	Details
Number of Shares	69,16,173 equity shares
Face Value	₹10.00 per share
Total Value	₹6.92 crores
Conversion Date	December 22, 2025
Source Instrument	CCPS of equal number and face value

Conversion Mechanism

The equity shares were issued pursuant to the conversion of 69,16,173 compulsorily convertible preference shares (CCPS) of face value ₹10.00 each previously held by Zuari Agro Chemicals Limited in ZMPPL. This conversion mechanism allows the company to transform its preference shareholding into equity participation in the subsidiary.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement references a previous disclosure dated October 10, 2025, indicating this transaction was part of a planned corporate restructuring process.

Corporate Structure Impact

This share conversion strengthens Zuari Agro Chemicals Limited's equity position in ZMPPL, converting preference rights into direct equity ownership. The transaction maintains the company's investment value while potentially providing enhanced voting rights and participation in the subsidiary's growth.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.98%	-7.88%	+8.27%	+47.77%	+40.75%	+173.28%

Jyotsna Poddar has filed a comprehensive regulatory disclosure under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, confirming the acquisition of 1,50,000 equity shares of Zuari Agro Chemicals Limited as a gift from immediate relative Akshay Poddar. The transaction was executed on December 19, 2025, with formal disclosure made to stock exchanges on December 23, 2025.

Transaction Details and Regulatory Compliance

The share transfer was completed through an off-market inter-se transfer between immediate relatives, qualifying for exemption under Regulation 10(1)(a) of the SAST Regulations. The disclosure was filed under Regulation 10(6), as the acquisition involved no monetary consideration and occurred between promoter group members.

Transaction Parameter:	Details
Shares Acquired:	1,50,000
Acquisition Date:	December 19, 2025
Disclosure Date:	December 23, 2025
Mode of Transfer:	Off-market inter-se transfer
Nature:	Gift from immediate relative
Exemption Under:	Regulation 10(1)(a)(i) of SAST

Updated Shareholding Position

Following the completion of the transfer, significant changes occurred in the shareholding pattern for both parties involved in the transaction.

Shareholder:	Before Transfer	After Transfer
Jyotsna Poddar
Number of Shares:	21,621	1,71,621
Percentage Holding:	0.05%	0.41%
Akshay Poddar
Percentage Holding:	0.36%	Reduced significantly

Regulatory Framework and Compliance

The disclosure was filed with both the National Stock Exchange of India Limited and BSE Limited, meeting all regulatory requirements. Prior disclosure under Regulation 10(5) was made on December 12, 2025, demonstrating proactive compliance with SEBI timelines. The transaction qualifies for exemption from open offer requirements as it involves a gift between immediate relatives who are both part of the promoter group.

Company Structure

Zuari Agro Chemicals Limited operates in the fertilizers sector with equity share capital comprising 4,20,58,006 equity shares. The company maintains listings on both major Indian stock exchanges, ensuring regulatory transparency and investor protection through proper disclosure mechanisms.