Zuari Industries Redeems Preference Shares of Rs 5.85 Crore; Declares Interim Dividend of Rs 1.05
By Ankur Chandra | Updated at: Jun 12, 2025 12:30 AM IST
Gurugram, June 11, 2025: Zuari Industries Ltd (NSE: ZUARIIND, BSE: 500780) has announced the redemption of its unlisted 10.5% Non-Convertible Redeemable Preference Shares (NCRPS), aggregating to ₹5.85 crore. Along with the redemption announcement, it also announced an interim dividend payout of ₹1.05 per share on the same.
This redemption is occurring due to an Amalgamation Scheme approved by the National Company Law Tribunal (NCLT), Mumbai Bench. This scheme involves Zuari Industries (previously Zuari Global Ltd.) and Gobind Sugar Mills Ltd. (GSML), along with their respective shareholders and creditors.
The company has noted that dividends will be subject to Tax Deducted at Source (TDS), as per the updated rules of the Income Tax Act, 1961. To ensure correct credit or exemptions, eligible shareholders should update their PAN, residential status, and other tax details before the cut-off date of June 16, 2025.
Key Highlights
| Particulars | Details |
|---|---|
| Instrument | 10.5% Non-Convertible Redeemable Preference Shares (NCRPS) |
| Total Shares Redeemed | 58,52,034 units |
| Face Value per Share | ₹10 |
| Total Redemption Value | ₹5,85,20,340 |
| Dividend for FY25 (Full-Year Rate) | ₹1.05 per share |
| Pro-rata Dividend (April 1 to June 16, 2025) | ₹0.222 per share approx. |
| Record Date | June 16, 2025 |
| Payment Timeline | As per statutory limits under Companies Act, 2013 |
Communication to Shareholders
Zuari Industries has initiated the dispatch of communication letters to all NCRPS holders:
- Electronic Mode for those with registered email IDs via the company, RTA (Zuari Finserv Ltd), or depository participants.
- Physical Mode for others without registered emails.
Share Price Effect
The shares of Zuari Industries closed 0.30% or ₹0.85 lower at ₹286.90 at the end of the trading session on June 11th. The shares made an intraday high of ₹294.65 and a low of ₹284.05.
About the Company
Zuari Industries Ltd is a publicly listed entity engaged in diversified businesses across fertilisers, real estate, and agribusiness under the Adventz Group. The company is listed on both NSE and BSE and continues to undertake strategic financial decisions aligned with shareholder interests.
REF: https://nsearchives.nseindia.com/corporate/ZUARIGLOB_11062025121143_STX_Intimation_Preference_shareholders.pdf
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