Intimation of approval of, inter alia, Rights Issue size, price, and ratio by the Board of the Company.
Price
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Awaiting price reaction for this filing.
Zodiac Ventures Ltd's board, at its meeting on July 14, 2025, approved a Rights Issue of 4,51,08,000 fully paid-up equity shares, aggregating to about Rs. 28.42 crores. The issue price is set at Rs. 6.30 per share, which includes a premium of Rs. 5.30 over the face value. Eligible shareholders will receive 6 Rights Equity Shares for every 5 shares held as on the record date of July 18, 2025. The issue opens on July 31, 2025 and closes on August 14, 2025, with the last date for market renunciation on August 8, 2025. Shareholders can either subscribe to their entitlements or renounce them in the market.
Existing shareholders will see proportional dilution unless they fully subscribe; the capital raise of ~Rs. 28.42 crores will strengthen the company's funds. The stock may trade ex-rights around the record date, which could pressure the share price in the short term.