Statement of Deviation and Variation under Regulation 32 of the SEBI (LODR) Regulations, 2015 for the quarter ended 31st December 2025.
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Awaiting price reaction for this filing.
Zodiac Ventures has filed a quarterly compliance statement confirming that there was no deviation or variation in the use of funds raised through its Rights Issue. The company raised Rs. 2,841.80 Lakh via a Rights Issue with a letter of offer dated 14th July 2025, and the funds were received on 3rd September 2025. The entire amount has been allocated to four stated purposes: working capital (Rs. 890 Lakh), repayment of borrowings (Rs. 1,250 Lakh), general corporate purposes (Rs. 651.80 Lakh), and issue-related expenses (Rs. 50 Lakh). The Audit Committee and auditors had no comments, and no monitoring agency was appointed. The filing was signed by Whole-time Director Ramesh Shah and Company Secretary Rustom Deboo.
This is a routine compliance filing that signals good corporate governance — the company used Rights Issue proceeds exactly as promised to shareholders. No material impact on stock price is expected from this disclosure.