Zuari Industries Limited has successfully completed the redemption of 8,40,632 unlisted 7% Non-Convertible Redeemable Preference Shares (NCRPS) and paid dividends on the remaining 59,22,080 such shares, as per a recent company announcement.

Preference Share Redemption and Dividend Payment

The company, headquartered in Goa, executed these actions following the board approval received on September 15, 2025. The redemption and dividend payments were made on unlisted preference shares, which are not traded on any stock exchange.

Updated Paid-up Preference Share Capital

Following the redemption, Zuari Industries' paid-up Preference Share Capital now stands at Rs. 5,08,14,480. This capital comprises 50,81,448 7% Non-Convertible Redeemable Preference Shares, each with a face value of Rs. 10.

Voluntary Disclosure

In a filing to the National Stock Exchange of India Ltd and BSE Limited on September 25, 2025, Yadvinder Goyal, Company Secretary of Zuari Industries Limited, stated:

"This intimation is being submitted voluntarily for information only, as the aforesaid preference shares are not listed on any stock exchange."

Impact and Significance

The redemption of preference shares and payment of dividends demonstrate Zuari Industries' commitment to meeting its financial obligations to preference shareholders. This move may potentially improve the company's capital structure and showcase its financial stability.

Investors and stakeholders should note that while this action affects the company's preference share capital, it does not directly impact the publicly traded equity shares listed on the NSE and BSE.

As Zuari Industries continues to manage its capital structure, market participants will likely keep a close eye on any further developments or strategic moves by the company in the coming months.

Zuari Industries Limited has announced significant decisions regarding its preference shares, as approved by the company's Board of Directors on September 15, 2025.

Redemption of Preference Shares

The Board has approved the redemption of 840,632 unlisted 7% Non-Convertible Redeemable Preference Shares (NCRPS) of Rs. 10.00 each. These preference shares were initially issued as part of an amalgamation scheme with Gobind Sugar Mills Limited (GSML) and are set to complete their term on September 19, 2025.

Interim Dividend Declaration

In addition to the redemption, Zuari Industries has declared an interim dividend on its preference shares. The dividend will be paid on 5,922,080 preference shares at a rate of 1.82% (Rs. 0.18 per share) for the period from June 17 to September 19, 2025.

Background of the Preference Shares

The preference shares were issued to shareholders of Gobind Sugar Mills Limited as part of the Scheme of Amalgamation between Zuari Industries Limited (formerly known as Zuari Global Limited) and GSML. These preference shares are not listed on any stock exchange.

Upcoming Investor Meeting

Zuari Industries has announced that its officials will participate in a virtual group meeting with investors and analysts. The meeting, part of the Arihant Capital - Bharat Connect Conference, is scheduled for September 22, 2025, at 3:00 P.M. The company has stated that it will only refer to publicly available information during this interaction and does not intend to discuss any Unpublished Price Sensitive Information (UPSI).

These corporate actions and investor engagement initiatives demonstrate Zuari Industries' commitment to managing its capital structure and maintaining transparent communication with its stakeholders.