Zuari Industries informs about outcome of board meeting

21 May 2024 Evaluate

Zuari Industries has informed that the Board of Directors of the Company in its meeting held today Tuesday, 21 May 2024, have considered and approved the following matters: (i) Extension of Inter Corporate Deposits for a further period of 1 year from the dates of their respective maturities, provided to Zuari Agro Chemicals, an Associate Company, in various tranches aggregating to Rs 128.50 Crore on the existing terms and conditions. (ii) Purchase the equity shares of Texmaco Rail and Engineering for maximum upto Rs 200 Crore in one or more tranches from the Zuari International, a Wholly Owned Subsidiary of the Company. (iii) Re-appointment of Alok Saxena (DIN – 08640419) as Whole-time Director of the Company, for a period of 2 years commencing from 1 July 2024 to 30 June 2026, subject to approval of the shareholders. Details as required under Regulation 30 of the Listing Regulations read with SEBI Circular, as amended from time to time in respect of (ii) and (iii) are provided in Annexure -1 to 2 respectively. The Meeting of the Board of Directors of the Company commenced at 09:00 am and concluded at 10:38 am. The above announcement is also being made available on the website of the Company at www.zuariindustries.in.

The above information is a part of company’s filings submitted to BSE. 

Zuari Industries Share Price

331.85 0.30 (0.09%)
23-Dec-2024 10:05 View Price Chart
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