Intimation of Allotment of 4,51,08,000 Rights Equity Shares pursuant to Rights Issue of the Company
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Zodiac Ventures Ltd has allotted 4,51,08,000 Rights Equity Shares at an issue price of ₹6.30 per share (face value ₹1, premium ₹5.30), raising up to ₹2,841.80 Lakh. The allotment was approved by the Board on 3rd September 2025, in line with the Letter of Offer dated 14th July 2025 and the basis finalised with BSE and the registrar. Following this, the company's paid-up equity share capital has risen from ₹3,75,90,000 (3,75,90,000 shares) to ₹8,26,98,000 (8,26,98,000 shares) — more than doubling the share count. This marks the completion of the rights issue process for the company.
Existing shareholders now face significant equity dilution as the share count has increased by roughly 120%, though capital raised strengthens the company's balance sheet. Shareholders who did not subscribe to the rights will see their proportional ownership reduce unless they sold their rights entitlements.