Outcome of the meeting of the Rights Issue Committee of the Board of Directors of Zodiac-JRD-MKJ Limited ("the Company") under Regulation 30 of the SEBI (LODR) Regulations, 2015.
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Zodiac-JRD-MKJ Ltd's Rights Issue Committee has finalised the terms of its upcoming rights issue. The company will issue up to 57,98,443 equity shares at Rs. 40 per share (face value Rs. 10, premium Rs. 30), raising up to Rs. 23.19 crore. Eligible shareholders will receive 112 rights shares for every 100 shares held. The record date is set for May 21, 2025, with the issue opening on May 30, 2025 and closing on June 9, 2025. This follows the board's earlier approval intimated on February 1, 2025.
Shareholders on the record date (May 21, 2025) will receive rights entitlements giving them the option to buy additional shares at Rs. 40 each and maintain or grow their stake. The 112:100 ratio means investors can subscribe to more than their existing proportion, which could lead to dilution for those who do not participate.