Zodiac-JRD-MKJ Ltd Acquires 90% Stake in VEM Plastic Molding Private Limited for Rs. 10/Share

The Board of Directors of Zodiac-JRD-MKJ Ltd approved the acquisition of a 90% stake in VEM Plastic Molding Private Limited on July 1, 2025. The subsidiary company is acquiring the business of VEM Tooling (India) Private Limited through a Business Transfer Agreement. VEM Plastic Molding Private Limited, incorporated in 2024, is engaged in the business of plastic and molding products and is based in India. The acquisition was made for a cash consideration of Rs. 10/Share. The company aims to enhance growth, expand market presence, and diversify revenue streams through this strategic acquisition.