ZUARI INDUSTRIES LIMITED — Important, 08-04-2025: Agreements

Zuari Industries Limited's wholly-owned subsidiary, Zuari Infraworld India Limited, has entered into a Binding Term Sheet with Texmaco Rail & Engineering Limited to act as Development Manager for a mixed-use development project located at Agarpara Mouza, Barrackpore, West Bengal. The agreement, which is projected to yield a development management fee of approximately Rs. 130 Crore over ten years, outlines responsibilities for project design, building approvals, construction, marketing, and sales. This collaboration, which is classified as an arm's length related party transaction due to shared leadership, is expected to enhance Zuari's operational capabilities and potential revenue streams. Investors should monitor this development closely, as it could signal growth opportunities in both infrastructure and real estate sectors.