Zuari Agro Chemicals Limited
Zuari Agro Chemicals Ltd is in the business of manufacturing, trading and marketing of chemical fertilisers and fertiliser products.The Company caters to the demand of the farmers across the country, through its “Jai Kisaan” brand of Fertilisers.
What Zuari files
- Others103
- Board Meeting19
- Important18
- Updates10
- Results1
Zuari Agro Chemicals shareholders approved two key postal ballot resolutions: appointing Nitin M. Kantak as MD and Pramod Kumar Gupta as a Non-Executive Non-Independent Director. Both appointments passed with the requisite majority.
Zuari Agro Chemicals' subsidiary ZMPPL allotted 69,16,173 equity shares to the company, converting compulsorily convertible preference shares worth Rs 6.91 Cr. This move strengthens Zuari Agro's equity stake in ZMPPL.
Zuari Agro Chemicals acquired Paradeep Phosphates shares worth ~Rs 65.43 Cr (face value) by exchanging its ~Rs 34.99 Cr (face value) stake in Mangalore Chemicals & Fertilizers, signaling a portfolio restructuring.
Zuari Agro Chemicals acquired 69.16 lakh CCPS in its JV Zuari Maroc Phosphates (ZMPPL) for ₹177.39 Cr, taking its stake to 50%. This investment funds ZMPPL's fertilizer trading business, with OCP S.A. making an equal investment.
Zuari Agro Chemicals is divesting its Mahad granulated single super phosphate plant and related assets to subsidiary MCFL for INR 72.75 Cr, pending shareholder approval. This unit generated 100% of the company's INR 47.80 Cr turnover last fiscal year, with a net book value of INR 51.10 Cr (38% of...