Zodiac-JRD-MKJ Ltd Approves Draft Letter for ₹40 Cr Rights Issue

Zodiac-JRD-MKJ Ltd's Rights Issue Committee has approved the Draft Letter of Offer (DLOF) for a Rights Issue to raise up to ₹40 crore. The funds will be raised through the issuance and allotment of fully paid-up equity shares. The specific terms, price, and ratio of the issue will be decided by the Board at a later date. The company is seeking in-principle approval from BSE Limited for this fundraising initiative, which is subject to applicable laws and regulations, including SEBI's ICDR Regulations and the Companies Act, 2013.