The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niraj Rajnikant Shah
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Niraj Rajnikant Shah, part of the promoter/promoter group of Zodiac Ventures Ltd, acquired 1,17,00,000 equity shares (14.15% stake) through allotment in the company's Rights Issue at Rs. 6.30 per share (face value Re. 1). His holding rose sharply from 1,80,737 shares (0.22%) to 1,18,80,737 shares (14.37%). As a result of the rights issue, Zodiac Ventures' total equity share capital expanded from Rs. 3.75 crore to Rs. 8.27 crore. The acquisition date is September 5, 2025, and the disclosure was filed with BSE on September 9, 2025, under Regulation 29(1) of SEBI Takeover Regulations.
The promoter subscribing to his rights entitlement is a confidence signal, showing belief in the company's future. However, the rights issue expanded the share capital significantly, so non-subscribing shareholders face proportional dilution in their holdings.