Zuari Industries Declares Interim Dividend and Approves Redemption of Unlisted Preference Shares
Zuari Industries Limited has approved the redemption of a portion of its unlisted preference shares and declared an interim dividend on the remaining balance of 7% Non-Convertible Redeemable Preference Shares (NCRPS).The company had originally issued and allotted 59,22,080 Unlisted 7% NCRPS to the preference shareholders of Gobind Sugar Mills Limited following a Scheme of Amalgamation. Of these shares, 8,40,632 had already been redeemed in September 2025.
The Board of Directors subsequently approved the redemption of 81,448, 7% NCRPS, which are set to expire on June 29, 2026, at a face value of Rs. 10/- each.
In addition to the redemption, Zuari Industries Limited declared an interim dividend for the remaining pool of 50,81,448, 7% NCRPS. The dividend was set at the rate of 1.72603%, translating to approximately Re. 0.172603/- per 7% NCRPS. This payment is applicable for the period spanning April 1, 2026, to June 29, 2026.
The preference shares are not listed on any stock exchange.
ZUARIIND Stock Price Movement
Today, shares of ZUARI INDUSTRIES LIMITED shed 2.09% in post-market trading, settling at an indicative close of ₹254.7. Trading activity during the day included a low of ₹254.15, with 16,724 shares recorded in turnover.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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