Outcome of the Board Meeting dated 27th January 2026, for approval of sale of stake in Associate Company.
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Zodiac Ventures Ltd's Board of Directors, at a meeting held on 27th January 2026, approved the sale of its entire 100% stake in Mumbai Mega Development Private Limited, an associate company. The associate contributed Rs. 4.34 lakh in profit (4.52% of the company's profit) and had a net worth of Rs. 5.74 lakh (just 0.39% of the company's net worth) as of 31st March 2025, making it a very small part of the business. The buyer is Mr. Ajay Bansal, who is not a promoter or related party. The sale consideration will be determined by a Registered Valuer appointed by the associate company, and the deal is expected to be completed within 12 months, subject to shareholder approval via postal ballot.
This is a minor divestiture of a small, non-core associate company that contributes less than 1% to the company's net worth. Shareholders should expect minimal impact on stock price or overall financials, though they will get a chance to vote on the transaction through a postal ballot.