
Corporate Action29 Jun 2026, 03:28 pm
Zuari Industries Redeems 81,448 Preference Shares, Declares Dividend
AI Summary
Zuari Industries Limited has approved the redemption of 81,448 Unlisted 7% Non-Convertible Redeemable Preference Shares (NCRPS) with a face value of Rs. 10 each, maturing on June 29, 2026. Additionally, the company declared an interim dividend on the remaining 50,81,448 NCRPS for the period April 1, 2026, to June 29, 2026, at a rate of approximately 1.72603% (Rs. 0.172603 per share). These shares were originally issued as part of a scheme of amalgamation with Gobind Sugar Mills Limited. The company is voluntarily submitting this information as the preference shares are unlisted.
Key Highlights
- Redemption of 81,448, 7% NCRPS approved.
- Interim dividend declared on remaining 50,81,448 NCRPS.
- Dividend rate is approximately 1.72603% for Q1 FY27.
- Shares were issued via amalgamation with Gobind Sugar Mills.
- Information provided voluntarily as shares are unlisted.
Price Impact
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