Attached herewith the outcome of Right issue Committee Meeting along with Letter of Offer (LOF).
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Zodiac-JRD-MKJ Limited's Rights Issue Committee, at its meeting on May 20, 2025, approved the Letter of Offer, Abridged Letter of Offer, Application Form, and Rights Entitlement Letter for a proposed rights issue. The company is issuing up to 57,98,443 equity shares of face value ₹10 each at ₹40 per share (including a ₹30 premium), aggregating up to ₹2,319.38 lakhs (approximately ₹23.19 crore). The ratio is 112 rights shares for every 100 fully paid-up shares held, with the record date set as May 21, 2025. The issue opens on May 30, 2025 and closes on June 9, 2025. The company operates in the diamonds, jewellery, and precious stones sector and is listed on BSE.
Eligible shareholders as of the record date (May 21, 2025) will receive rights entitlements to subscribe for additional shares at ₹40 each. Existing investors who do not participate may see their equity stake diluted given the issue size represents a significant expansion of the share base. Shareholders should evaluate their participation decision and review the Letter of Offer for details on the use of proceeds.