ZUARI INDUSTRIES LIMITED — Important, 19-07-2025: Updates

Zuari Industries' Sugar Division faces reinstated import/export fees on denatured alcohol in Uttar Pradesh, following a Supreme Court ruling. The company has been directed to pay these fees retrospectively from FY 2018–19 and prospectively. The one-time financial impact for the retrospective period is approximately Rs. 4.90 Cr. The prospective financial impact is currently unquantifiable. Management is evaluating the situation and assessing legal options, indicating potential future developments on this front. Investors should monitor this excise duty development.