Board Meeting13 Aug 2026, 01:41 pm
Zuari Industries Board Approves Financials, Reappoints Auditors, Approves Acquisitions
AI Summary
Zuari Industries Ltd's Board of Directors met on August 13, 2026, approving the unaudited financial results for the quarter ended June 30, 2026, along with limited review reports from statutory auditors. The board also re-appointed M/s T R Chadha & Co LLP as Internal Auditors and Mr. Somnath Mukherjee as Cost Auditor for FY 2026-27. Significant strategic moves include the approval to acquire equity shares of Texmaco Infrastructure & Holdings Limited for up to ₹150 Crore and Zuari Agro Chemicals Limited for up to ₹30 Crore, both from wholly-owned subsidiaries. The meeting commenced at 11:30 AM and concluded at 01:10 PM.
Key Highlights
- Unaudited financial results for Q1 FY27 approved.
- Internal and Cost Auditors re-appointed for FY 2026-27.
- Board approved acquisition of Texmaco Infra shares worth ₹150 Cr.
- Board approved acquisition of Zuari Agro Chem shares worth ₹30 Cr.
- Limited review reports from statutory auditors were also noted.
Price Impact
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