Zuari Agro Chemicals Limited — Important, 28-07-2025: General Updates

Zuari Agro Chemicals' board has approved subscribing to non-voting compulsorily convertible preference shares (CCPS) in its joint venture, Zuari Maroc Phosphates Private Limited (ZMPPL), for up to INR 180 crore cash. This investment, with equal participation from JV partner OCP S.A., aims to fund ZMPPL's objectives related to a scheme involving Paradeep Phosphates Limited (PPL). An inter-se agreement further solidifies ZMPPL's control over PPL's future securities acquisitions, reinforcing Zuari's strategic stake in the fertilizer sector.