Outcome of the meeting of Right Issue Committee of Zodiac-JRD-MKJ-Limited (the "Company") under Regulation 30 of the SEBI (LODR) Regulations, 2015.
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Zodiac-JRD-MKJ Ltd has completed the allotment of 57,98,443 fully paid-up equity shares under its Rights Issue. The shares, with a face value of ₹10 each, were allotted at an issue price of ₹40 per share (including a premium of ₹30 per share) to eligible applicants. This follows the Letter of Offer dated May 20, 2025, and the Basis of Allotment finalized in consultation with the Registrar and BSE. The Rights Issue Committee approved the allotment at its meeting held on June 13, 2025. The company is in the diamonds, jewellery, and precious stones business.
The allotment increases the company's share capital and dilutes existing shareholders proportionally based on their rights entitlement. The ₹30 premium per share is a positive signal as it means shares were issued above face value, though the use of proceeds is not disclosed in this filing.