Sale8 Aug 2025, 12:43 pm
Zuari Agro Chemicals to Sell Granulated Single Super Phosphate Plant to Subsidiary for INR 72.75 Crores
AI Summary
Zuari Agro Chemicals Ltd. announced the outcome of its PFA Board Meeting on 8th August 2025. The Board approved the sale and transfer of a part of the Company’s business, including its granulated single super phosphate plant and certain related assets situated at Mahad, Maharashtra, to its subsidiary, Mangalore Chemicals & Fertilizers Limited (MCFL) for a lump sum consideration of INR 72,75,00,000. The sale is subject to the approval of the shareholders. The Mahad Plant contributed 100% of the total turnover for the year ended 31st March 2025, and its net book value is INR 51.10 Cr, which is 38% of the net worth of the company.
Key Highlights
- Zuari Agro Chemicals to sell a part of its business to its subsidiary, MCFL, for INR 72.75 Crores.
- The sale includes the granulated single super phosphate plant and certain related assets situated at Mahad, Maharashtra.
- The sale is subject to the approval of the shareholders.
- The Mahad Plant contributed 100% of the total turnover for the year ended 31st March 2025.
- The net book value of the Mahad business unit is INR 51.10 Cr, which is 38% of the net worth of the company.