Zuari Agro Chemicals Limited — Others, 14-05-2025: Change in Management

Zuari Agro Chemicals has announced a board meeting to approve the financial results for the quarter and half-year. The Board approved audited standalone and consolidated results for the year ended March 31, 2025, with a clean audit report. Mr. Sanjeev Lall was re-appointed as an Independent Director for three years, subject to shareholder approval. New appointments include M/s. S. S. Sonthalia & Co. as Cost Auditor, M/s. Protiviti India Member Pvt Ltd as Internal Auditor, and Mr. Shivaram Bhat as Secretarial Auditor for FY 2025-26, pending shareholder consent. The Mahad plant faced a temporary shutdown from raw material shortages, with production expected to resume by June 2025. The company is addressing a SEBI notice through a settlement application and remains confident in realizing subsidy income recognized by its subsidiary MCFL despite ongoing legal matters. The group focuses on fertilizer manufacturing and marketing as a single business segment.