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Zodiac-JRD-MKJ Ltd held an Extra-Ordinary General Meeting on 18th December 2025 via Video Conferencing from 11:00 AM to 11:28 AM, with 39 shareholders attending out of 4,768 on record. Three resolutions were passed with near-unanimous approval (99.99% in favour): (1) appointment of a Statutory Auditor to fill a casual vacancy, (2) regularisation of Mr. Ajay Beniprasad Jajodia as a Non-Executive Independent Director, and (3) alteration of Articles of Association to allow issuance of shares under an Employee Stock Option Plan. Total votes polled were 24.40 lakh shares (22.23% of the 1.097 crore outstanding shares), with promoter group voting at 86.22% of their holding and public non-institutions at just 0.04% participation. Only 5 votes were cast against across all resolutions. The scrutiniser M/s. HD and Associates confirmed all three resolutions were passed with the requisite majority.
For shareholders: The ESOP-related Articles amendment (special resolution) paves the way for a future Employee Stock Option Plan, which could lead to share dilution but aligns employee interests with shareholders. Approval of the new Independent Director strengthens board composition, and the auditor appointment ensures continuity of audit oversight with no material governance disruption.