Zuari Agro Chemicals Ltd

Zuari Agro Chemicals Seeks Approval for Executive Director’s Remuneration 📊

- Proposed remuneration for Mr. Nitin M. Kantak (Jan 10, 2026 – Sep 2, 2026) includes:

- Basic Salary: ₹5,48,803/month

- House Rent Allowance: ₹50,000/month

- Statutory Contribution: ₹65,856/month

- Others: ₹35,341/month

- Leave Encashment & Gratuity as per policy

- E-voting period: Dec 10, 2025 (10 AM IST) to Jan 8, 2026 (5 PM IST)

- Results announcement: Jan 9, 2026

- Mr. Kantak has extensive fertilizer industry experience (ex-COO & CTO in group companies)

- FY 2024-25 financials: Loss of ₹73.10 crore, turnover of ₹47.80 crore (due to lower plant utilization & finance costs)

- Company sold Mahad Plant, focusing on asset monetization & new business opportunities