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.

Updated Shareholding Position

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

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.

Zuari Agro Chemicals Limited (ZACL) has announced significant financial gains resulting from major corporate restructuring activities in its latest quarterly results. The company reported exceptional gains totaling Rs. 1,168.96 crores, stemming from strategic business transfers and equity share transactions.

Key Restructuring Moves

Transfer of MCFL Investment

ZACL transferred its investment in Mangalore Chemicals and Fertilizers Limited (MCFL) to Zuari Maroc Phosphates Private Limited (ZMPPL) for Rs. 418.13 crores. This move was part of a Composite Scheme of Arrangement approved by the National Company Law Tribunal (NCLT).

Equity Share Exchange with Paradeep Phosphates Limited

Following the NCLT-approved scheme, MCFL was amalgamated with Paradeep Phosphates Limited (PPL). Consequently, ZACL is set to receive equity shares in PPL in exchange for its MCFL shares, resulting in a gain of Rs. 986.91 crores.

Sale of Mahad Plant

ZACL completed the sale of its granulated single super phosphate plant at Mahad, Maharashtra, to MCFL for Rs. 72.75 crores, recognizing a gain of Rs. 9.32 crores.

Financial Impact

The corporate restructuring has had a significant impact on ZACL's financial position:

Other Corporate Developments

• MCFL ceased to be a subsidiary of ZACL effective September 26, following NCLT approval of the composite scheme.
• The board has approved seeking an extension for a Rs. 110 crores Inter Corporate Deposit from Zuari Industries Limited.
• Approval has been granted for availing fresh Inter Corporate Deposits of Rs. 85 crores from Adventz Finance Private Limited.
• ZACL has filed a joint settlement application with SEBI for an ongoing matter, awaiting the final order.

These strategic moves mark a significant shift in Zuari Agro Chemicals' corporate structure and are expected to have a substantial impact on the company's financial outlook.