Zuari Industries Limited's Board of Directors, at its meeting held on 27 May 2025, approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31 March 2025. The Statutory Auditors have issued unmodified opinions on these financial results.

Key financial highlights for the year ended 31 March 2025:

• Standalone Results:
  • Revenue from operations increased to ₹87,066.44 lakhs from ₹71,464.80 lakhs in the previous year.
  • The company reported a loss of ₹3,736.81 lakhs for FY25, compared to a profit of ₹2,265.59 lakhs in FY24.
  • Basic Earnings Per Share (EPS) was ₹(12.55) for FY25, a decrease from ₹7.61 in FY24.
• Consolidated Results:
  • Revenue from operations increased to ₹97,033.01 lakhs from ₹83,780.07 lakhs in the previous year.
  • The Group reported a loss of ₹9,437.38 lakhs for FY25, significantly down from a profit of ₹71,275.40 lakhs in FY24.
  • Basic EPS was ₹(31.30) for FY25, compared to ₹239.72 in FY24.

Dividends declared/recommended:

• Interim dividend on unlisted 10.5% Non-Convertible Redeemable Preference Shares (NCRPS):
  • ₹1.050 per share (10.5%) for the Financial Year 2024–25.
  • A proportionate rate of ₹0.222 per share (2.22%) for the period from 1 April 2025 to 16 June 2025 (up to the date of redemption).
• Interim dividend on unlisted 7% Non-Convertible Redeemable Preference Shares (NCRPS):
  • ₹0.700 per share (7%) for the Financial Year 2024–25.
  • A proportionate rate of ₹0.148 per share (1.48%) for the period from 1 April 2025 to 16 June 2025.
• The Board recommended a Final dividend on Equity Shares at the rate of 10%, i.e., Re. 1/- per Equity Share of ₹10/- each, which is subject to the approval of shareholders at the forthcoming Annual General Meeting.

Additionally, the Board approved the redemption of 58,52,034 unlisted 10.5% Non-Convertible Redeemable Preference Shares (NCRPS) of ₹10/- each of the Company.

The independent auditor's report on consolidated financial results included emphasis of matters related to Zuari Agro Chemicals Limited (ZACL), an associate:

• Mangalore Chemicals and Fertilisers Limited (MCFL), a subsidiary of ZACL, recognized urea subsidy of ₹29.14 crore and has filed a writ petition against the Department of Fertilizers regarding the benchmarking of its cost of production.
• Proposed merger of MCFL with Paradeep Phosphates Limited on a going concern basis.
• ZACL, along with other noticees, received a Show Cause Notice (SCN) dated 14 January 2025, from SEBI alleging irregularities in financial statements for earlier years. ZACL has filed a joint settlement application for settlement under SEBI (Settlement Proceedings) Regulation, 2018. The auditor's opinion is not modified in respect of these matters.