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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zodiac-JRD-MKJ Ltd held an Extra-Ordinary General Meeting on 18th December 2025 where shareholders approved an amendment to the company's Articles of Association. The amendment introduces a new Clause 66A that empowers the Board of Directors to formulate, approve, and implement Employee Stock Option Plan (ESOP) schemes. The Board can now determine eligibility criteria, vesting terms, exercise price, and other parameters, and can issue shares either through direct allotment, trust route, or secondary acquisition. No specific ESOP scheme size or grant details have been announced yet. The amendment is filed under SEBI Listing Regulations (Reg 30) read with SEBI's November 2024 circular.
This is a preparatory step that gives the company the legal framework to launch ESOPs in the future. Existing shareholders may see dilution if and when ESOPs are actually granted and exercised, but no immediate equity dilution or capital raise is happening right now. Watch for a follow-up announcement specifying the actual ESOP scheme size and grant terms.