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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Zodiac-JRD-MKJ has called an EGM on Thursday, December 18, 2025 at 11:00 AM via video conferencing, with three items on the agenda. First, shareholders will vote on appointing Mr. Girish L Shethia, Chartered Accountant, as the new Statutory Auditor to fill the casual vacancy caused by the resignation of M/s H.G. Sarvaiya & Co on November 13, 2025; he will hold office until the next AGM and audit the financials for FY ending March 31, 2026. Second, shareholders will regularise the appointment of Mr. Ajay Beniprasad Jajodia (DIN: 00726322), an IIM Ahmedabad alumnus with 30+ years in steel and IT, as a Non-Executive Independent Director for a 5-year term ending October 6, 2030. Third, shareholders will vote on a Special Resolution to amend the Articles of Association by inserting Article 66A, which would empower the Board to formulate and implement an Employee Stock Option Plan (ESOP).
For shareholders, the auditor change is a routine fill-in for a casual vacancy rather than a governance red flag. The new Independent Director strengthens board oversight, while the proposed AOA amendment paves the way for a future ESOP scheme — a positive retention signal but one that could lead to mild equity dilution once options are granted and exercised.