Zuari Industries Limited has received a request from its promoter, Adventz Finance Private Limited, to rectify disclosures made under SEBI regulations. The correction pertains to an erroneous report of share acquisition made on December 2, 2021.

Disclosure Error Details

Adventz Finance had mistakenly disclosed the acquisition of 25,000 equity shares of Zuari Global Limited. However, the actual acquisition was of shares in Texmaco Infrastructure & Holdings Limited. This error led to an incorrect representation of Adventz Finance's holdings in Zuari Global.

Impact on Shareholding

The erroneous disclosure had significant implications for the reported shareholding:

Correction Request

Zuari Global has requested the stock exchanges to consider the erroneous disclosures as null and void. This step is crucial to maintain accurate records of shareholding patterns and ensure transparency in market operations.

Implications

This incident underscores the importance of accurate corporate disclosures in maintaining market integrity. It also highlights the responsibility of companies and their promoters to promptly rectify any errors in their regulatory filings to prevent misinformation in the market.

Investors and market participants are advised to take note of this correction when considering Zuari Global's shareholding structure.

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.