Intimation of Meeting of Right issue Committee of the Board to be held on 15th May 2025. as per the attachment.
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Awaiting price reaction for this filing.
Zodiac-JRD-MKJ Ltd has informed BSE that its Rights Issue Committee will meet on Thursday, May 15, 2025. The committee will decide on key terms of the proposed rights issue, including the issue price, issue size, entitlement ratio, record date, and timing. The rights issue itself was approved by the Board of Directors in a meeting held on February 1, 2025. This filing is a procedural update ahead of finalising the rights issue terms.
Existing shareholders should watch for the announcement on May 15 as it will determine the issue price, ratio, and record date — key details that decide whether subscribing to the rights issue makes financial sense. The stock may see some activity around the announcement.