Zuari Industries Limited has received disclosure from Jyotsna Poddar confirming her acquisition of 3,00,000 shares from immediate relative Akshay Poddar on December 19, 2025. The transaction was executed as an inter-se transfer among promoter relatives with no monetary consideration involved, structured as a gift.

Regulatory Filing Under SAST Regulations

Jyotsna Poddar submitted the latest disclosure under Regulation 10(6) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations on December 23, 2025. The filing was made to both BSE Limited and National Stock Exchange of India Limited, confirming compliance with regulatory requirements for exempt acquisitions.

Exemption and Compliance Details

The acquisition qualifies for exemption under Regulation 10(1)(a) of the SAST Regulations as it involves inter-se transfer between immediate relatives within the promoter group. Prior disclosure was made under Regulation 10(5) on December 13, 2025, demonstrating proactive compliance with regulatory timelines.

Updated Shareholding Pattern

Following the completion of the acquisition, Jyotsna Poddar's total shareholding in the company has increased to 3,71,621 shares, representing 1.25% of the total paid-up share capital. The disclosure confirms the updated shareholding positions of both parties involved in the transaction.

Company Share Capital Structure

The disclosure confirms that Zuari Industries Limited has a total equity share capital of 2,97,81,184 equity shares of ₹10.00 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited, providing liquidity to investors across major exchanges. The transaction represents a redistribution of shareholding among promoter relatives without affecting the overall promoter group holding in the company.

Zuari Industries Limited (ZIL) has reported a robust performance for the second quarter, marked by significant improvements in ethanol production and financial metrics. The company's strategic focus on its sugar, ethanol, and real estate businesses continues to drive growth and operational efficiency.

Key Highlights

• Ethanol production increased by 44% in Q2
• EBITDA improved from INR 3.5 crores to INR 8.9 crores
• Finance costs reduced by INR 3 crores
• Sugar realization up by 5.7% year-on-year
• Distillery achieved 311 operating days, the highest ever

Financial Performance

ZIL's financial results for Q2 demonstrate substantial improvements across key metrics:

The company's EBITDA margin improved significantly, driven by higher sugar realizations and increased power rates from UPPCL.

Operational Highlights

Sugar and Ethanol Business

• Sugar sales volume decreased to 3.6 lakh quintals from 4.2 lakh quintals
• Sugar realization improved to INR 4,033 per quintal from INR 3,815 per quintal
• Ethanol production increased by 44%, with the distillery operating for a record 311 days
• Ethanol sales volume up by 7.6% for the quarter

Real Estate

• Zuari Infra World strengthened its position with a gross development value of INR 2,900 crores
• The St. Regis Dubai project is 86% complete, with handover expected by March 2026

Strategic Developments

1. Debt Reduction Plan: ZIL expects an INR 800 crores cash inflow from its Dubai real estate project starting Q2 FY27, which will be used for debt reduction.

2. Bioethanol Expansion: The company is set to commission a 180 KLPD distillery through its joint venture, Zuari Envien Bioethanol Private Limited (ZEBPL).

3. Focus on Real Estate: ZIL is pursuing an asset-light approach in real estate, focusing on the Development Management (DM) model for growth.

Future Outlook

Zuari Industries remains optimistic about its core businesses:

• Sugar and Ethanol: The company expects stable EBITDA margins of 10-12% in the sugar sector, despite recent increases in sugarcane prices.
• Bioethanol: ZIL plans to expand its bioethanol capacity to 1,000 KLPD over the next 3-5 years, subject to regulatory environment and market dynamics.
• Real Estate: The company aims to grow its DM business in the real estate sector, focusing on high-margin projects.

Athar Shahab, Managing Director of Zuari Industries, commented, "We are happy with the progress we have made. Our strategies are yielding results, particularly in improving the operational efficiency of our distillery and diversifying our real estate portfolio."

With a clear focus on debt reduction and strategic growth in its core sectors, Zuari Industries is positioning itself for sustained performance in the coming quarters.