Zuari Agro Chemicals Limited (ZUARI)

Zuari Agro Chemicals Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited, confirms that securities received for dematerialisation during the quarter were processed and verified. The certificates were duly mutilated and cancelled, and depositories' names were updated in the register of members within mandated timelines. This is a standard quarterly regulatory submission with no impact on business operations or financials.

• Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
• Covers the quarter ended 30th September, 2026
• Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on 7th October, 2026
• Confirms security certificates received were verified, mutilated, and cancelled per depository rules

Zuari Agro Chemicals Limited conducted its 17th Annual General Meeting on September 16, 2026, through video conferencing. Key items tabled included the adoption of FY26 financials and a special business resolution to approve material related party transactions up to ₹550 crore between its subsidiary Zuari Farmhub Limited and Paradeep Phosphates Limited for FY27. This proposed related party limit represents ~21.4% of the company's TTM revenue of ₹2,569 crore. Formal voting results via the scrutinizer's report are expected within two working days.

• 17th AGM held on September 16, 2026, commencing at 3:30 P.M. and concluding at 4:06 P.M.
• Proposed approval of material related party transactions up to ₹550 crore between Zuari Farmhub Limited and Paradeep Phosphates Limited for FY27
• Re-appointment of M/s. K.P. Rao & Co. as Statutory Auditors for a second term of five consecutive years tabled
• Approval sought for continuation of Mr. Saroj Kumar Poddar as Chairman beyond the age of 75 years
• Scrutinizer's voting report to be submitted and disclosed within 2 working days

Zuari Agro Chemicals held its 17th Annual General Meeting on September 16, 2026. Key agenda items transacted included the adoption of FY26 financials and the re-appointment of statutory auditors M/s K.P. Rao & Co. for a second five-year term. Shareholders also considered an ordinary resolution for material related party transactions up to Rs 550 Crore between unlisted subsidiary Zuari Farmhub Limited and Paradeep Phosphates Limited for FY27. This related party limit represents ~21.4% of the company's TTM revenue of Rs 2,569 Crore.

• 17th AGM conducted via Video Conferencing on September 16, 2026
• Approval sought for material related party transactions up to Rs 550 Crore between Zuari Farmhub Limited and Paradeep Phosphates Limited for FY27
• Re-appointment of statutory auditors M/s K.P. Rao & Co. for a 5-year term through the 22nd AGM
• Continuation of Mr. Saroj Kumar Poddar as Non-Executive Chairman proposed as a special resolution

Zuari Agro Chemicals Limited has received an adjudication order dated August 24, 2026, from the Registrar of Companies (RoC), Goa. The order imposes a penalty of ₹3,00,000 on the company and ₹50,000 each on four present and former Key Managerial Personnel (KMPs). The penalty relates to alleged non-compliance under Section 134(3)(c) read with Section 129(1) of the Companies Act, 2013 concerning the Directors' Responsibility Statement for FY ended March 31, 2021. The financial impact is negligible relative to the company's TTM revenue of ₹2,569 Cr.

• RoC Goa imposed an adjudication penalty of ₹3,00,000 on the company.
• Four present and former KMPs were fined ₹50,000 each.
• Violation relates to Section 134(3)(c) regarding Directors' Responsibility Statement for FY21.
• Order received on August 25, 2026 (Order ID: PO/ADJ/08-2026/GA/02729).

Zuari Agro Chemicals Limited has issued an intimation under Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015. The letter provides web links to the FY 2025-26 Annual Report and 17th AGM Notice to shareholders whose email IDs are not registered as of the cut-off date of 14th August 2026. The 17th Annual General Meeting is scheduled to be held virtually on 16th September 2026 at 3:30 PM IST.

• 17th Annual General Meeting scheduled for 16th September 2026 at 3:30 PM IST via VC/OAVM
• Cut-off date for non-registered email dispatch was 14th August 2026
• Filing made in compliance with Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015

Zuari Agro Chemicals Limited has published the notice for its 17th Annual General Meeting scheduled for September 16, 2026, alongside its FY25-26 Annual Report. Ordinary agenda items include the re-appointment of statutory auditors M/s K.P. Rao & Co. for a second 5-year term. Key special business includes seeking shareholder approval for material related party transactions of up to ₹550 crore between subsidiary Zuari Farmhub Limited and Paradeep Phosphates Limited for FY27 (~21.4% of TTM revenue of ₹2,569 crore).

• 17th AGM scheduled to be held via Video Conferencing on September 16, 2026
• Shareholder approval sought for material RPTs of subsidiary Zuari Farmhub with Paradeep Phosphates up to ₹550 crore in FY27
• Re-appointment of Statutory Auditors M/s K.P. Rao & Co. proposed for a second consecutive 5-year term (17th to 22nd AGM)
• Continuation of Saroj Kumar Poddar as Non-Executive Chairman past 75 years of age put forward for approval

Zuari Agro Chemicals Limited has issued the notice for its 17th Annual General Meeting (AGM) scheduled for September 16, 2026, at 3:30 PM IST via Video Conferencing. The company has also released its Annual Report for the financial year 2025-26 to shareholders. This is a standard statutory disclosure and contains routine administrative procedures for the annual shareholder meeting.

• 17th Annual General Meeting convened for September 16, 2026, at 3:30 PM IST
• Meeting to be conducted virtually through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
• Annual Report for FY 2025-26 submitted pursuant to Regulation 34(1) of SEBI LODR Regulations

Zuari Agro Chemicals has received final orders from the Regional Director, Ministry of Corporate Affairs (MCA), Mumbai, officially compounding alleged violations under Section 441 of the Companies Act, 2013. This follows the payment of compounding fees by the company, its Executive Director, Promoter Directors, and certain KMPs. The matter originated from an interim order dated July 30, 2026, and is now legally settled. While the specific fee amount was not disclosed in this filing, the closure of these proceedings removes a regulatory overhang regarding management and promoter conduct.

• Final orders received on August 13, 2026, from the Regional Director, Western Region-I, MCA.
• Settlement covers violations involving the Executive Director, Promoter Directors, and former KMPs.
• The compounding process follows an initial interim order disclosure made on July 30, 2026.
• All alleged violations now stand compounded following the payment of requisite fees.
• The company maintains a market cap of Rs 998 Cr with TTM revenue of Rs 3,200 Cr.

Zuari Agro Chemicals reported a consolidated net profit of ₹118.70 Cr for Q1 FY27, down from ₹127.18 Cr in the year-ago period. Standalone operations have effectively ceased (revenue of ₹0.11 Cr) as the company completes its transition to an asset-light holding company model. A significant development is the board's request for a 6-month extension to repay ₹95 Cr in Inter-Corporate Deposits (ICDs) to related party Zuari Industries Limited. Results are not directly comparable YoY due to the divestment of Mangalore Chemicals and Fertilizers (MCFL) in September 2025.

• Consolidated Net Profit for Q1 FY27 reached ₹118.70 Cr compared to ₹127.18 Cr in Q1 FY26.
• Standalone revenue was negligible at ₹0.11 Cr, confirming the shift to a holding company structure.
• Board approved seeking a 6-month extension for ₹95 Cr ICDs from related party Zuari Industries Limited.
• Consolidated revenue for the quarter stood at ₹615.81 Cr, significantly lower than ₹1246.07 Cr in Q1 FY26 due to MCFL divestment.
• The company received 6,54,33,846 equity shares of Paradeep Phosphates Limited (PPL) as part of the MCFL amalgamation scheme.

Zuari Agro Chemicals has received interim orders from the Ministry of Corporate Affairs (MCA) to settle past non-compliances through compounding. The violations involve a breach of director duties in FY 2020-21 and excess managerial remuneration paid in FY 2019-20. The total financial impact on the company is a minor fee of Rs 5.00 lakhs, while various directors and KMPs face a combined fee of Rs 14.50 lakhs. Given the company's TTM revenue of Rs 3,200 Cr, the financial impact is negligible.

• Rs 5.00 lakh compounding fee imposed on the company for Section 178 violations regarding excess remuneration.
• Rs 14.50 lakh total fees levied on Executive, Promoter, and former Directors/KMPs across two separate orders.
• Violations relate to legacy administrative issues from FY 2019-20 and FY 2020-21.
• Section 166 violation (breach of director duties) resulted in zero financial penalty for the company itself.
• Compounding applications were filed under Section 441 of the Companies Act, 2013.

Zuari Agro Chemicals has finalized the appointment of Mr. Nitin M. Kantak as Managing Director and Mr. Pramod Kumar Gupta as a Non-Executive Director following a postal ballot. The MD appointment received 98.77% support, while the Director appointment saw 99.75% approval. This filing is a corrective submission to include two previously omitted pages of the Scrutinizer's Report from the July 24, 2026, disclosure. The leadership confirmation is vital as the company continues its transition toward an asset-light holding company model.

• 98.77% of valid votes cast in favor of appointing Mr. Nitin M. Kantak as Managing Director via Special Resolution
• 99.75% of valid votes cast in favor of appointing Mr. Pramod Kumar Gupta as a Non-Executive Director
• Total of 2,78,99,776 votes were polled, representing 66.34% of the total shares held
• The voting process involved 44,576 shareholders as of the record date of June 19, 2026
• The e-voting period concluded on July 23, 2026, with results officially recorded on July 24, 2026

Shareholders of Zuari Agro Chemicals have approved the appointment of Mr. Nitin M. Kantak as Managing Director through a postal ballot concluded on July 23, 2026. The special resolution for his appointment and remuneration received 98.77% support, despite significant opposition from public institutional voters (83.3% of institutional votes cast were against). Additionally, Mr. Pramod Kumar Gupta was appointed as a Non-Executive Non-Independent Director with 99.75% approval. These leadership confirmations come as the company continues its transition toward an asset-light holding company model.

• Appointment of Mr. Nitin M. Kantak as Managing Director approved with 2,75,57,252 votes in favor (98.77%)
• Public institutional shareholders cast 3,41,121 votes against the MD appointment, representing 83.3% of their polled votes
• Appointment of Mr. Pramod Kumar Gupta as Non-Executive Director approved with 99.75% majority
• Total of 2,78,99,776 votes were polled out of a shareholder base of 44,576 as of the June 19, 2026 record date
• The resolutions were passed as of July 23, 2026, the final date of the remote e-voting period