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that it will only refer to publicly available information during this interaction and does not intend to discuss any Unpublished Price Sensitive Information (UPSI).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.

Zuari Industries Limited (ZIL) has announced its financial results for the first quarter, revealing a mixed performance across its diverse business segments. The company faced challenges in its sugar operations but saw improvements in ethanol production and realization.

Revenue and Profitability

On a standalone basis, ZIL reported revenue from operations of ₹210.30 crore, compared to ₹214.50 crore in the same quarter last year. The company's standalone profit before tax (PBT), before exceptional items, stood at ₹0.90 crore.

Consolidated revenue for the quarter increased by 10.5% year-on-year to ₹267.60 crore. The consolidated profit after tax (PAT) improved significantly, with the company posting a profit of ₹0.50 crore compared to a loss of ₹33.60 crore in the previous year's corresponding quarter.

Sugar Segment Performance

ZIL's sugar operations faced headwinds due to an early mill closure following a region-wide cane shortage. Domestic sugar sales decreased slightly to 3.60 lakh quintals from 3.80 lakh quintals in the same quarter last year, primarily due to a reduced sales quota allocation. However, sugar realization improved by 4% to ₹4,036.00 per quintal, supported by robust demand and stable prices.

Ethanol and Power Segments

The company's ethanol segment showed positive results, with sales increasing marginally to 9,757 KL from 9,672 KL in the previous year. Average ethanol realizations also improved to ₹60.70 per liter compared to ₹58.90 per liter in the same quarter last year.

Power exports were lower due to the early mill closure, impacting the overall performance of the power segment.

Financial Management and Farmer Relations

ZIL demonstrated its commitment to farmers by clearing 100% of cane dues. The company also focused on financial management, reducing its cost of borrowing by 73 basis points year-on-year.

Real Estate and Other Segments

In the real estate segment, ZIL slowed land sales due to an unfavorable local macroeconomic environment. The company's infrastructure subsidiary, Zuari Infraworld India Ltd (ZIIL), reported an EBITDA of ₹21.70 crore, up 58.4% year-on-year.

The financial services arm, Zuari Finserv Ltd (ZFL), and the insurance & broking subsidiary, Zuari Insurance Brokers Ltd (ZIBL), both reported improved EBITDA figures compared to the previous year.

Future Outlook

Zuari Industries remains focused on growing its key segments - Sugar, Power & Ethanol, Real Estate, and Bioenergy. The company is also emphasizing land monetization, operational efficiency, and cost optimization.

The engineering arm, Simon India Ltd (SIL), secured new orders worth ₹100.00 crore during the quarter, with projects worth ₹148.00 crore currently in progress.

In the Bioenergy segment, Zuari Envien Bioenergy Pvt Ltd (ZEBPL), a joint venture between ZIL and Envien International, reported steady progress on its 180 KLPD bioethanol project.

As Zuari Industries navigates through industry challenges and market dynamics, the company continues to focus on strategic expansion, operational improvements, and diversification of its business portfolio to create long-term value for stakeholders.