The Board of Zuari Finserv, wholly owned subsidiary of Zuari Global has approved the Scheme of Arrangement between Zuari Commodity Trading and Zuari Finserv.

The Scheme involves:

1.

Merger of entire undertaking of Zuari Commodity Trading and vesting thereof in Zuari Finserv. 2. Dissolution ofZuari Commodity Trading without process of winding-up. 3. Reorganisation of Authorised Share Capital of Zuari Finserv and cancelation of entire issued, subscribed and paid up capital of Zuari Commodity Trading.

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