Record Date for Rights Issue is Wednesday, May 21, 2025.
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Zodiac-JRD-MKJ Ltd has finalised the terms of its rights issue, approved by the Rights Issue Committee on May 15, 2025. The company will issue up to 57,98,443 equity shares of Rs. 10 face value, for an aggregate amount not exceeding Rs. 23.19 crore. The issue price is set at Rs. 40 per share (including a Rs. 30 premium), and shareholders will receive 112 rights shares for every 100 shares held on the record date. The record date is fixed as Wednesday, May 21, 2025, and the issue opens on May 30 and closes on June 9, 2025.
Eligible shareholders as of May 21, 2025 will receive rights entitlements credited to their demat accounts. Shareholders will need to invest additional capital at Rs. 40 per share to fully subscribe to their entitlement, or risk their shareholding getting diluted.