Board approves Rights Issue to raise up to Rs 40 crore

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Price reactionminutes from the announcement price · days from the prior close

-2.5%Reaction day

₹39.49

prior close

₹39.26

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-2.9% vs market

Gems, Jewellery And Watches peers, median of 36sector+0.7%-3.2% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 3.2 pts less than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

-0.7

15m

-1.3

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5+0.4-2.9+0.7-3.2

Next day

-3.8+0.4-4.2+0.5-4.3

-1.8+0.3-2.1+0.8-2.5

-1.3+0.2-1.5-0.2-1.1

-1.9+0.5-2.4-0.4-1.5

-3.8+0.7-4.5+0.3-4.1

-4.1+0.9-5.0-1.4-2.7

15d

-3.8+1.6-5.4-0.5-3.2

-2.9+2.4-5.3-2.2-0.7

-16.5+1.1-17.6-0.4-16.0

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UpDownMarket · Nifty Microcap 250Sector · Gems, Jewellery And Watches peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board of Zodiac JRD-MKJ approved a proposal to raise funds through a Rights Issue of equity shares of face value Rs 10 to eligible shareholders. The aggregate amount will not exceed Rs 4000 lakhs (around Rs 40 crore), inclusive of premium. A Rights Issue Committee has been authorised to finalise terms and conditions. Pricing, ratio, and record date details are awaited.

Likely market impact

Existing shareholders get rights to buy more shares. Possible dilution ahead. Key terms and pricing not yet announced.