Zuari Agro Chemicals Limited — Board Meeting, 25-11-2024: Outcome of Board Meeting

Zuari Agro Chemicals Limited has announced a board meeting to consider and approve modifications to the number of equity shares of Mangalore Chemicals & Fertilizers Limited (MCFL) to be transferred to Zuari Maroc Phosphates Private Limited (ZMPPL) as part of a scheme approved previously by both MCFL and Paradeep Phosphates Limited (PPL). The revised number of shares to be transferred is 29,037,000, while the price remains unchanged at INR 144 per share. This decision carries strategic implications for the company's equity position in MCFL, potentially impacting future operational dynamics.