Zuari Agro Chemicals Limited — Board Meeting, 28-07-2025: Outcome of Board Meeting

Zuari Agro Chemicals' board has approved a strategic investment of up to INR 180 Cr cash into its joint venture, Zuari Maroc Phosphates Private Limited (ZMPPL). This funding, for non-voting preference shares and matched by JV partner OCP, supports ZMPPL's financial needs linked to the MCFL-PPL scheme. ZMPPL, a fertilizer trader, reported consolidated FY23-24 net-worth of ₹2,388.99 Cr and turnover of ₹11,606.18 Cr. The board also approved an agreement with ZMPPL and OCP to ensure ZMPPL maintains control over Paradeep Phosphates Limited, becoming the sole vehicle for future PPL share acquisitions.