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Zuari Agro Chemicals informs about disclosure of events

24 Jun 2022 Evaluate

Zuari Agro Chemicals has informed that the board of directors of Zuari Farmhub (ZFL), a wholly owned subsidiary of Zuari Agro Chemicals (ZACL) has approved to undertake a scheme of capital reduction of ZFL under Section 66 of the Companies Act, 2013 for reduction of ZFL's issued, subscribed and paid-up capital from Rs 785,57,00,000 consisting of 78,55,70,000 equity shares of Rs 10 each to Rs 86,60,26,000 consisting of 8,66,02,600 equity shares of Rs 10 each by cancellation and extinguishment of 69,89,67,400 equity shares of Rs 10 each held by ZACL in ZFL by writing off/adjustment of negative balance in the capital reserve account of ZFL in accordance with the terms of the scheme of capital reduction, subject to the confirmation of the jurisdictional National Company Law Tribunal & such other approvals, consents, permissions and sanctions, as may be required to be obtained from appropriate Governmental authorities, departments, offices, institutions, bodies, agencies.

The above information is a part of company’s filings submitted to BSE.

Zuari Agro Chemicals Share Price

229.65 0.85 (0.37%)
17-Apr-2026 16:59 View Price Chart
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