Zuari Industries Reports Q1 Results; Announces Acquisitions of Texmaco Infrastructure and Agro Chemicals

Zuari Industries Reports Q1 Results; Announces Acquisitions of Texmaco Infrastructure and Agro Chemicals​

Zuari Industries Limited announced its unaudited financial results for the quarter ended June 30, 2026, along with key operational updates, including the planned acquisitions of equity shares in Texmaco Infrastructure & Holdings Limited (TIHL) and Zuari Agro Chemicals Limited (ZACL). The company also confirmed the re-appointment of its internal and cost auditors.

The Board of Directors held a meeting on August 13, 2026, to consider and approve several material matters, including the quarterly results and strategic acquisitions, as well as confirming appointments for the upcoming fiscal year.

Financial Performance Review (Q Ended June 30, 2026)​

The unaudited financial results for the quarter ended June 30, 2026, showed specific trends across both standalone and consolidated operations.

Standalone Results Summary
For the quarter ending June 30, 2026 (Unaudited), Zuari Industries recorded a Total income of INR 28,390.00 lakhs against Total expenses of INR 28,834.70 lakhs. This resulted in a Profit/(Loss) before tax amounting to (INR 937.80) lakhs, leading to a Total comprehensive income of INR 26,410.68 lakhs. The Earnings per share for the period stood at (INR 3.18).

Consolidated Results Summary
On a consolidated basis for the quarter ended June 30, 2026, total income reached INR 32,751.91 lakhs, while Total expenses were INR 36,726.71 lakhs. The company recorded a Net profit/(loss) of INR 5.12 lakhs for the quarter. The Earnings per share stood at INR 0.20 (Basic and Diluted).

Strategic Acquisitions Announced​

The Board meeting approved two acquisitions aimed at consolidating and expanding the company's investment portfolio. Both proposals involve acquiring equity shares from wholly-owned subsidiaries, utilizing a cash consideration model, with execution planned through tranches under stock exchange mechanisms.

Acquisition of Texmaco Infrastructure & Holdings Limited (TIHL)
Zuari Industries plans to acquire equity shares in TIHL, which operates in Real Estate, Mini Hydel Power and Investments. The proposed acquisition, aggregating up to INR 150 Crore, is slated to be executed through stock exchange mechanisms, including block deals.

Key details regarding the target company are as follows:

• Target Company: Texmaco Infrastructure & Holdings Limited (TIHL).
• Industry: Real Estate, Mini Hydel Power and Investments.
• Acquisition Amount: Up to INR 150 Crore.
• Background: TIHL was incorporated on August 4, 1939. Its standalone turnover for the Financial Year ended March 2026 was Rs. 11.45 Crore.

Acquisition of Zuari Agro Chemicals Limited (ZACL)
The company also approved the acquisition of equity shares in ZACL, which is engaged in Fertilizer manufacturing. This transaction is projected to amount up to INR 30 Crore and will be executed through tranches via the stock exchange mechanism.

Key details regarding the target company are as follows:

• Target Company: Zuari Agro Chemicals Limited (ZACL).
• Industry: Fertilizer.
• Acquisition Amount: Up to INR 30 Crore.
• Background: ZACL was incorporated on September 10, 2009. Its standalone turnover for the Financial Year ended March 2026 was Rs. 83.00 Crore.

Appointments of Auditors Confirmed​

The Board meeting formally ratified the re-appointment of key auditing personnel for the financial year 2026-27:

• Internal Auditor: M/s T R Chadha & Co LLP, established in 1946, was re-appointed as the Internal Auditor.
• Cost Auditor: Mr. Somnath Mukherjee, F.C.M.A., with over 35 years of experience in Cost and Management Accountancy, was confirmed as the Cost Auditor.

ZUARIIND Stock Price Movement​

Shares of ZUARI INDUSTRIES LIMITED slipped today by 0.36% to settle at ₹265. The stock saw a trading volume totaling 73,526 shares during the session.