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The Board of Directors of Zuari Agro Chemicals Limited has approved a revision in the number of equity shares of Mangalore Chemicals & Fertilizers Limited (MCFL) designated for transfer to Zuari Maroc Phosphates Private Limited (ZMPPL) as per the composite scheme of arrangement. The updated transfer figure is now set at 2,90,37,000 equity shares, down from the previously noted 3,92,06,000 shares. The transfer price remains unchanged at ₹144 (INR One Hundred and Forty-Four) per share, aggregating the cash consideration while being subject to any applicable taxes. This move aligns with strategic adjustments following the initial announcement in February 2024. Shareholders should monitor this development closely, as it may impact the company's operational strategy and financial positioning moving forward.