Zuari Industries Ltd - Announcement under Regulation 30 (LODR)-Joint Venture

As informed earlier, Zuari Industries Limited ('the Company' / 'ZIL') incorporated a Company in the name of Zuari Envien Bioenergy Private Limited ('ZEBPL') as its Wholly Owned Subsidiary which shall become the joint venture entity between ZIL and Envien International Limited ('Envien'), subsequently. The Board of Directors of the Company at its meeting held on 9 January 2023, has accorded its approval for execution of Shareholders' Agreement, Securities Subscription Agreement and other ancillary agreements (if required) with Envien and ZEBPL, which would set out the terms and conditions pursuant to which ZIL and Envien will infuse their respective contributions for carrying out the aforesaid joint venture.