With reference to your mail dated 13-06-2025, please find attached herewith reply letter.
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Awaiting price reaction for this filing.
Zodiac-JRD-MKJ Ltd has responded to a BSE query dated June 13, 2025 seeking clarification on recent movement in its share price. The company stated there is no undisclosed price-sensitive information and that all material disclosures under SEBI LODR Regulations have been made on time. It explained that the stock recently completed a Rights Issue under SEBI ICDR Regulations, 2018, with all filings (Board approvals, Letter of Offer, record date, issue period, allotment, and post-issue filings) already carried out. The company attributed the price movement to positive investor sentiment, particularly from shareholders who missed the Rights Issue and are now buying shares in the open market. The Managing Director, Mahesh R. Shah (DIN: 00217516), signed off on the clarification.
This is a routine regulatory clarification, not a negative event. For shareholders, it removes immediate regulatory uncertainty and confirms the price rise is sentiment-driven rather than backed by hidden corporate news — reducing the risk of a sharp BSE-driven correction but offering no new fundamental trigger for further upside.