ZUARI INDUSTRIES LIMITED — Important, 03-03-2025: Agreements

Zuari Infraworld India Limited, a wholly-owned subsidiary of Zuari Industries Limited, has signed a Development Management Agreement with Gangothri Developers for a residential project on approximately 9.4 acres in the Kollur micro market of Hyderabad. The project, featuring nine high-rise towers and a saleable area of around 3.8 million sq. ft., has an estimated project cost exceeding ₹1,500 Cr. Zuari Infra will provide development management services, including branding, marketing, and sales, with a fee projected between ₹150 to ₹200 Cr over five years. The project aims to be completed within five years post-RERA registration, marking a significant opportunity for Zuari in the real estate sector. Investors should watch closely how this strategic tie-up unfolds, potentially enhancing revenue streams.