Zuari Industries Ltd

Zuari Industries Limited has revised its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). This revision is in compliance with Regulation 8 of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The updated code aims to ensure timely, adequate, fair, uniform, and universal disclosure of UPSI to prevent selective dissemination. It applies to the company, its directors, officers, employees, and other associated persons handling UPSI. The Chief Financial Officer and Company Secretary will serve as the Chief Investor Relations Officers (CIROs) responsible for dissemination.

Zuari Industries Ltd announced its unaudited financial results for the quarter ended June 30, 2026. On a standalone basis, Revenue from Operations increased by 27% to ₹266.5 crore, with Operating EBITDA at ₹13.9 crore and a Profit Before Tax (PBT) of ₹(4.4) crore. Consolidated Revenue from Operations grew 21% to ₹311.9 crore, and Consolidated Profit After Tax (PAT) was ₹0.05 crore. The company also reduced its cost of borrowing by 56 basis points. Key business segments showed varied performance: the Sugar, Power & Ethanol division saw increased sugar sales and improved realisations. The real estate subsidiary completed The St. Regis Residences, Dubai, and is progressing on other projects. The engineering arm, Simon India Ltd, is executing projects worth approximately ₹70 crore amidst a cautious EPC market.

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.

Zuari Industries Ltd's Board of Directors met on August 13, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also re-appointed M/s T R Chadha & Co LLP as Internal Auditor 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 board meeting commenced at 11:30 AM and concluded at 1:10 PM.

Zuari Industries Ltd's Board of Directors met on August 13, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026 (standalone and consolidated). The board also approved the re-appointment of M/s T R Chadha & Co LLP as Internal Auditors and Mr. Somnath Mukherjee as Cost Auditor for FY2026-27. Additionally, the company approved the acquisition of equity shares in Texmaco Infrastructure & Holdings Limited for up to ₹150 Crore and in Zuari Agro Chemicals Limited for up to ₹30 Crore.

Zuari Industries' consolidated PAT came in at a marginal ₹0.05 Cr for Q1FY27, versus a loss of ₹0.48 Cr a year ago and a loss of ₹31.61 Cr in Q4FY26 (a seasonally heavy sugar-crushing quarter). Consolidated revenue grew 21.2% YoY to ₹311.93 Cr (₹257.46 Cr) and 10.0% QoQ (₹283.56 Cr), but the swing to profit rests entirely on a one-off ₹4.81 Cr insurance-claim settlement recognised this quarter; strip that out and adjusted PAT was a loss of roughly ₹4.76 Cr, materially wider than the ₹0.48 Cr loss a year earlier — the headline +₹0.53 Cr reported PAT improvement is a one-off gain masking a widening underlying loss, not a turnaround. The margin bridge explains why: pre-associates operating loss widened to ₹39.75 Cr from ₹35.01 Cr YoY even as revenue grew, and EBITDA margin compressed to roughly 4.6% of revenue from 9.8% a year ago. Sugar, the largest segment, grew revenue 34% YoY to ₹236.78 Cr but its segment result fell to ₹8.37 Cr from ₹12.29 Cr; Ethanol's segment result fell to ₹4.78 Cr from ₹8.53 Cr on 4.2% revenue growth — both point to cost/pricing pressure eating into higher volumes. Engineering Services swung to a loss on revenue down 23.9% YoY. The bottom line was cushioned mainly by the Group's ₹34.37 Cr share of associate/JV profit (roughly flat YoY, so not a swing driver) plus the exceptional insurance gain and a ₹0.62 Cr net tax credit versus a year-ago tax expense. Management's prior (Q4FY26) guidance centred on cutting external borrowings to ₹700-800 Cr by FY27-end via ~₹850-900 Cr of Dubai project inflows and ~₹258 Cr from associates — this filing discloses no borrowings or cash-flow figures, so progress against that target cannot be verified from the results alone. The stated shift of the Real Estate business to a fee-based development model is directionally supported: segment revenue rose 64% YoY to ₹15.18 Cr and the segment loss narrowed to ₹2.15 Cr from ₹3.77 Cr, though the business remains loss-making and the claimed 70-75% project EBITDA margins aren't verifiable from segment disclosures. No management press release accompanied this filing, and no consensus/street estimates for Zuari Industries specifically could be located. Separately, the Board same-day approved related-party acquisitions of up to ₹150 Cr in Texmaco Infrastructure & Holdings and ₹30 Cr in Zuari Agro Chemicals from wholly-owned subsidiaries — cash deals that consolidate the promoter group's existing ~66.55%/~65.21% stakes at the listed-company level without changing aggregate promoter holding, consistent with management's stated intent to maintain strategic investments. Standalone PAT was a loss of ₹9.48 Cr (EPS -₹3.18) against a loss of ₹3.89 Cr a year ago, driven largely by ₹4.93 Cr of exceptional impairments on the furniture subsidiaries, a divergence from the consolidated print worth flagging since the two tell different stories this quarter.

Zuari Industries Ltd has announced that its Board of Directors will convene on August 13, 2026, to consider and approve the Unaudited Financial Results for the quarter ending June 30, 2026. The results will be both standalone and consolidated. Concurrently, the trading window for dealing in the company's securities, which was closed from July 1, 2026, for designated persons and their relatives, will remain closed until 48 hours after the declaration of these financial results.

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.

Zuari Industries Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will remain shut from July 1, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. The date of the board meeting to consider these results will be communicated separately.

Zuari Industries Ltd's board approved the audited financial results for the quarter and year ended March 31, 2026. They declared an interim dividend of 3.70% on Non-Convertible Redeemable Preference Shares and recommended a final dividend of 10% on Equity Shares, subject to shareholder approval. The board also approved the re-appointment of Mr. Alok Saxena as Executive Director for two years and the shifting of the registered office within Goa.