Zuari Industries logo

Zuari Industries MD, chairman, board of directors and AGM

NSE: ZUARIINDBSE: 500780Agricultural Food & other ProductsSmall Cap

Formerly Zuari Global
Last close ₹237.45down ₹5.15 (2.12%)BSE ₹236.20

Share price at the NSE close on 23 Oct 2026. Previous close ₹242.60.

52-week range of traded prices to 23 Oct 2026
₹210.00Low, 30 Mar 2026₹367.15High, 23 Oct 2025
Market cap
₹707 Cr1,626th largest listed
P/E
6.5
P/B
0.2
Dividend yield
0.42%
ROE
2.5%
ROCE
0.5%
Debt to equity
0.72
Volume, NSE
60,93351.6% delivered

Zuari Industries board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSaroj Kumar PoddarRelated to the promoter
  • Company Secretary and Compliance OfficerYadvinder Goyal

10 directors5 independent2 executive3 non-executive

  • Saroj Kumar Poddar · ChairpersonNon-executive · joined May 1993 · 5 listed boards
  • Jyotsna PoddarNon-executive · joined May 2009 · 2 listed boards
  • Akshay PoddarNon-executive · joined Nov 2025 · 6 listed boards · 2 committee seats, 1 as chair
  • Vijay Vyankatesh ParanjapeIndependent · joined Dec 2019 · reappointed Dec 2022 · 78 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Manju GuptaIndependent · joined Mar 2020 · reappointed Mar 2023 · 75 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Athar ShahabExecutive · joined Nov 2021 · reappointed Nov 2024 · 2 listed boards · 3 committee seats
  • Suneet Shriniwas MaheshwariIndependent · joined Jul 2022 · 48 months as independent · 2 listed boards · 2 as independent · 6 committee seats, 3 as chair
  • Alok SaxenaExecutive · joined Jul 2022 · reappointed Jul 2024 · 1 listed board
  • Deepak AmitabhIndependent · joined Dec 2024 · 18 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • Sanjeev LallIndependent · joined Nov 2025 · 7 months as independent · 2 listed boards · 2 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 25 May 202610 of 10 present5 independent · 100 days in between
    • 13 Feb 20269 of 10 present4 independent

  • Audit Committee

    Chair Vijay Vyankatesh Paranjape

    Suneet Shriniwas Maheshwari, Deepak Amitabh, Athar Shahab

    • 25 May 20264 of 4 present3 independent · 100 days in between
    • 13 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Vijay Vyankatesh Paranjape

    Saroj Kumar Poddar, Manju Gupta

    • 21 May 20263 of 3 present2 independent · 96 days in between
    • 13 Feb 20262 of 3 present1 independent

  • Stakeholders Relationship Committee

    Chair Vijay Vyankatesh Paranjape

    Athar Shahab, Manju Gupta, Deepak Amitabh, Sanjeev Lall

    • 21 May 20265 of 5 present4 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • V. Sankar Aiyar & CoPeer-review certificate valid to Apr 2028
1 earlier auditor
  • V Sankar Aiyar & Co., Chartered AccountantsNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Zuari Industries AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Zuari Industries dividend history

Annual general meeting, 21 Sep 2026

29,807 shareholders on the register on 14 Sep 2026; present: 14 promoters and 55 others; votes counted by Aditi Gupta / Aditi Agarwal & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31 march 2026 and the Reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.76%

    Turnout: all 60.15% · promoters 100.00% · institutions 91.24% · other public 3.01%

  2. To declare dividend on equity shares of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 60.15% · promoters 100.00% · institutions 91.24% · other public 3.01%

  3. To re-appoint Mr. Saroj Kumar Poddar (DIN: 00008654), who retires by rotation and being eligible, offers himself for re-appointment, as a Director of the Company, liable to retire by rotation.
    Ordinary
    98.28% for1.72% against

    Against: promoters 0.00% · institutions 44.69% · other public 3.76%

    Turnout: all 60.15% · promoters 100.00% · institutions 91.24% · other public 3.01%

  4. To re-appoint Mrs. Jyotsna Poddar (DIN: 00055736), who retires by rotation and being eligible, offers herself for re-appointment, as a Director of the Company liable to retire by rotation.
    Ordinary
    98.28% for1.72% against

    Against: promoters 0.00% · institutions 44.69% · other public 3.76%

    Turnout: all 60.15% · promoters 100.00% · institutions 91.24% · other public 3.01%

  5. Continuation of Mr. Saroj Kumar Poddar (DIN:00008654) as a Non-Executive Director of the Company.
    Special
    98.28% for1.72% against

    Against: promoters 0.00% · institutions 44.69% · other public 3.76%

    Turnout: all 60.15% · promoters 100.00% · institutions 91.24% · other public 3.01%

  6. Continuation of Mrs. Jyotsna Poddar (DIN: 00055736) as a Non-Executive Director of the Company.
    Special
    98.28% for1.72% against

    Against: promoters 0.00% · institutions 44.69% · other public 3.76%

    Turnout: all 60.15% · promoters 100.00% · institutions 91.24% · other public 3.01%

  7. To ratify the remuneration of the Cost Auditor of the Company for the Financial Year 2026-27.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.76%

    Turnout: all 60.15% · promoters 100.00% · institutions 91.24% · other public 3.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Jun 2026, 4 resolutions

31,200 shareholders on the register on 22 May 2026; votes counted by Aditi Gupta / Aditi Agarwal & Associates.The company's voting result (opens in a new tab)

  1. To re-appoint Mr. Alok Saxena (DIN: 08640419) as Whole Time Director and Key Managerial Personnel designated as Executive Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

    Turnout: all 60.20% · promoters 100.00% · institutions 94.18% · other public 3.00%

  2. To increase the borrowing powers of the Company as prescribed under Section 180(1)(c) of the Companies Act, 2013
    Special
    98.17% for1.83% against

    Against: promoters 0.00% · institutions 48.34% · other public 0.60%

    Turnout: all 60.20% · promoters 100.00% · institutions 94.18% · other public 3.00%

  3. To create charge on the assets of the Company as prescribed under Section 180(1)(a) of the Companies Act, 2013
    Special
    98.25% for1.75% against

    Against: promoters 0.00% · institutions 46.16% · other public 0.65%

    Turnout: all 60.20% · promoters 100.00% · institutions 94.18% · other public 3.00%

  4. Approval of Material Related Party Transaction(s) between the Company and Zuari Envien Bioenergy Private Limited
    OrdinaryPromoters have an interest in it
    98.20% for1.80% against

    Against: promoters 0.00% · institutions 2.44% · other public 0.61%

    Turnout: all 3.49% · promoters 0.00% · institutions 94.18% · other public 3.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 4 Apr 2026, 1 resolution

31,987 shareholders on the register on 27 Feb 2026; votes counted by Aditi Gupta / Aditi Agarwal & Associates.The company's voting result (opens in a new tab)

  1. APPROVAL FOR MATERIAL RELATED PARTY TRANSACTION(S) BETWEEN SIMON INDIA LIMITED AND PARADEEP PHOSPHATES LIMITED
    OrdinaryPromoters have an interest in it
    71.00% for29.00% against

    Against: promoters 0.00% · institutions 44.36% · other public 0.91%

    Turnout: all 3.45% · promoters 0.00% · institutions 96.40% · other public 2.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Jan 2026, 2 resolutions

32,222 shareholders on the register on 19 Dec 2025; votes counted by Aditi Gupta / Aditi Agarwal & Associates.The company's voting result (opens in a new tab)

  1. To appoint Mr. Akshay Poddar (DIN: 00008686) as a Non-executive Director of the Company
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 58.75% · promoters 100.00% · institutions 52.65% · other public 3.63%

  2. To appoint Mr. Sanjeev Lall (DIN: 08740906) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 58.75% · promoters 100.00% · institutions 52.65% · other public 3.63%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Sep 2025, 9 resolutions

31,162 shareholders on the register on 17 Sep 2025; present: 14 promoters and 40 others; votes counted by Aditi Gupta / Aditi Agarwal & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31 March 2025 and the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.47%

    Turnout: all 58.79% · promoters 100.00% · institutions 42.17% · other public 2.51%

  2. To declare the dividend on Equity Shares of the Company.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.50%

    Turnout: all 58.79% · promoters 100.00% · institutions 42.17% · other public 2.51%

  3. To re-appoint Mr. Alok Saxena (DIN: 08640419), who retires by rotation and being eligible, offers himself for re-appointment, as a Director of the Company.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.85%

    Turnout: all 58.79% · promoters 100.00% · institutions 42.17% · other public 2.51%

  4. To re-appoint M/s V Sankar Aiyar & Co., Chartered Accountants as Statutory Auditors of the Company.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.52%

    Turnout: all 58.79% · promoters 100.00% · institutions 42.17% · other public 2.51%

  5. To ratify the remuneration of the Cost Auditor of the Company for the Financial Year 2025-26.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.52%

    Turnout: all 58.79% · promoters 100.00% · institutions 42.17% · other public 2.51%

  6. To appoint M/s Aditi Agarwal & Associates, Company Secretaries as Secretarial Auditor of the Company.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.52%

    Turnout: all 58.79% · promoters 100.00% · institutions 42.17% · other public 2.51%

  7. To shift the Registered Office of the Company from the State of Goa to the State of Haryana.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.56%

    Turnout: all 58.79% · promoters 100.00% · institutions 42.17% · other public 2.51%

  8. To adopt the new set of Memorandum of Association of the Company.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.67%

    Turnout: all 58.79% · promoters 100.00% · institutions 42.17% · other public 2.51%

  9. To alter Articles of Association of the Company by deletion of articles related to the Common Seal.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.54%

    Turnout: all 58.79% · promoters 100.00% · institutions 42.17% · other public 2.51%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Mar 2025, 2 resolutions

31,931 shareholders on the register on 21 Feb 2025; votes counted by Aditi Gupta / Aditi Agarwal & Associates.The company's voting result (opens in a new tab)

  1. Approval for material related party transactions between Simon India Limited and Paradeep Phosphates Limited
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 1.97% · promoters 0.00% · institutions 33.00% · other public 3.19%

  2. Approval for material related party transactions between Zuari Infraworld India Limited and Texmaco Rail & Engineering Limited
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 1.97% · promoters 0.00% · institutions 33.00% · other public 3.19%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Jan 2025, 1 resolution

31,228 shareholders on the register on 20 Dec 2024; votes counted by ADITI AGARWAL & ASSOCIATES / ADITI GUPTA.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Deepak Amitabh (DIN-01061535) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.47%

    Turnout: all 48.22% · promoters 83.25% · institutions 40.37% · other public 0.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2024, 8 resolutions

Present: 9 promoters and 42 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statementsn(including the consolidated financial statements) of the Company for thenfinancial year ended 31 March 2024 and the reports of the Board ofnDirectors (“the Board”) and Auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 62.30% · promoters 99.82% · institutions 28.83% · other public 12.04%

  2. To declare dividend on Equity and Preference Shares of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 62.30% · promoters 99.82% · institutions 28.83% · other public 12.04%

  3. To re-appoint Mr. Athar Shahab (DIN: 01824891), who retires bynrotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 3.73% · other public 3.19%

    Turnout: all 62.30% · promoters 99.82% · institutions 28.83% · other public 12.04%

  4. Ratification of remuneration of the Cost Auditors of the Companynfor the Financial Year 2024-25.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 62.30% · promoters 99.82% · institutions 28.83% · other public 12.04%

  5. Approval for continuation of Directorship of Mrs. Jyotsna Poddar (DIN:n00055736) post attaining the age of 75 years.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 62.29% · promoters 99.82% · institutions 28.83% · other public 12.00%

  6. Re-appointment of Mr. Athar Shahab (DIN: 01824891) as ManagingnDirector.
    Special
    99.68% for0.32% against

    Against: promoters 0.00% · institutions 3.73% · other public 3.50%

    Turnout: all 62.30% · promoters 99.82% · institutions 28.83% · other public 12.03%

  7. Re-appointment of Mr. Alok Saxena (DIN: 08640419) as Whole-timenDirector.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.76%

    Turnout: all 62.30% · promoters 99.82% · institutions 28.83% · other public 12.04%

  8. Approval for Material Related Party Transactions between Simon IndianLimited and Paradeep Phosphates Limited.
    OrdinaryPromoters have an interest in it
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 5.60% · promoters 0.00% · institutions 28.83% · other public 12.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 28 Jun 2026, 1 fund house

  • To re-appoint Mr. Alok Saxena (DIN: 08640419) as Whole Time Director and Key Managerial Personnel designated as Executive Director of the Company
    1 for0 against
  • To increase the borrowing powers of the Company as prescribed under Section 180(1)(c) of the Companies Act, 2013
    1 for0 against
  • To create charge on the assets of the Company as prescribed under Section 180(1)(a) of the Companies Act, 2013
    1 for0 against
  • Approval of Material Related Party Transaction(s) between the Company and Zuari Envien Bioenergy Private Limited
    1 for0 against

Mutual fund votes, meeting of 4 Apr 2026, 1 fund house

  • APPROVAL FOR MATERIAL RELATED PARTY TRANSACTION(S) BETWEEN SIMON INDIA LIMITED AND PARADEEP PHOSPHATES LIMITED
    1 for0 against
5 earlier meetings

Mutual fund votes, meeting of 22 Jan 2026, 1 fund house

  • To appoint Mr. Akshay Poddar (DIN: 00008686) as a Non-executive Director of the Company
    1 for0 against
  • To appoint Mr. Sanjeev Lall (DIN: 08740906) as an Independent Director of the Company
    1 for0 against

Mutual fund votes, meeting of 24 Sep 2025, 1 fund house

  • To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31 March 2025 and the reports of the Board of Directors and the Auditors thereon.MoreLess
    1 for0 against
  • To declare the dividend on Equity Shares of the Company.
    1 for0 against
  • To re-appoint Mr. Alok Saxena (DIN: 08640419), who retires by rotation and being eligible, offers himself for re-appointment, as a Director of the Company.
    1 for0 against
  • To re-appoint M/s V Sankar Aiyar & Co., Chartered Accountants as Statutory Auditors of the Company.
    1 for0 against
  • To ratify the remuneration of the Cost Auditor of the Company for the Financial Year 2025-26.
    1 for0 against
  • To appoint M/s Aditi Agarwal & Associates, Company Secretaries as Secretarial Auditor of the Company.
    1 for0 against
  • To shift the Registered Office of the Company from the State of Goa to the State of Haryana.
    1 for0 against
  • To adopt the new set of Memorandum of Association of the Company.
    1 for0 against
  • To alter Articles of Association of the Company by deletion of articles related to the Common Seal.
    1 for0 against

Mutual fund votes, meeting of 27 Mar 2025, 1 fund house

  • Approval for material related party transactions between Simon India Limited and Paradeep Phosphates Limited
    1 for0 against
  • Approval for material related party transactions between Zuari Infraworld India Limited and Texmaco Rail & Engineering Limited
    1 for0 against

Mutual fund votes, meeting of 23 Jan 2025, 1 fund house

  • Appointment of Mr. Deepak Amitabh (DIN-01061535) as an Independent Director of the Company
    1 for0 against

Mutual fund votes, meeting of 27 Sep 2024, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Financial Statementsn(including the consolidated financial statements) of the Company for thenfinancial year ended 31 March 2024 and the reports of the Board ofnDirectors (“the Board”) and Auditors thereon.MoreLess
    1 for0 against
  • To declare dividend on Equity and Preference Shares of the Company
    1 for0 against
  • To re-appoint Mr. Athar Shahab (DIN: 01824891), who retires bynrotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • Approval for continuation of Directorship of Mrs. Jyotsna Poddar (DIN:n00055736) post attaining the age of 75 years.
    1 for0 against
  • Re-appointment of Mr. Athar Shahab (DIN: 01824891) as ManagingnDirector.
    1 for0 against
  • Re-appointment of Mr. Alok Saxena (DIN: 08640419) as Whole-timenDirector.
    1 for0 against
  • Approval for Material Related Party Transactions between Simon IndianLimited and Paradeep Phosphates Limited.
    1 for0 against
1 proposal not matched to one resolution
  • Ratification of remuneration of Rs. 1,25,000/- plus applicable taxes and out of pocket expenses payable to Mr. Somnath Mukherjee, F.C.M.A., Cost Accountant (Membership No. 5343), for conducting the audit of the cost records of the Company for the Financial Year ended 31st March 2025.MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 4 complaints open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.