Zuari Agro seeks shareholder approval for executive director's remuneration

Zuari Agro Chemicals Limited has issued a postal ballot notice to its shareholders seeking approval for the remuneration of executive director Nitin M. Kantak, for his services from January 10, 2026, to September 2, 2026. The proposed remuneration includes a monthly basic salary of INR 548,803, a house rent allowance of INR 50,000, statutory contributions of INR 65,856, and other allowances totaling INR 35,341 per month. The e-voting period for this resolution commences on Wednesday, December 10, 2025, at 10:00 A.M. (IST) and concludes on Thursday, January 8, 2026, at 5:00 P.M. (IST).

The company is currently pursuing new business opportunities, necessitating substantial expertise to formulate and execute projects. Kantak, with extensive experience in the fertilizer industry and various leadership roles, was re-appointed as executive director for a three-year term from September 3, 2023, to September 2, 2026. This re-appointment was previously approved by shareholders via postal ballot on March 23, 2023. At the time of re-appointment, no remuneration was fixed or paid to him.

The voting rights will be determined based on the paid-up value of shares registered in members' names as of the cut-off date, Friday, November 28, 2025. The results of the postal ballot will be announced on Friday, January 9, 2026, and will be available on the company's website and communicated to the stock exchanges.