Rights Issue6 Aug 2026, 01:19 pm
Zodiac-JRD-MKJ Ltd Proposes ₹40 Cr Rights Issue
AI Summary
Zodiac-JRD-MKJ Ltd announced a proposal to raise funds through a Rights Issue of equity shares. The Board of Directors approved the issuance of equity shares with a face value of Rs. 10/- each to eligible shareholders. The aggregate amount to be raised is up to Rs. 4000 Lakhs (approximately ₹40 Crores), inclusive of any premium. This move is subject to necessary regulatory approvals and compliance with applicable laws, including the Companies Act, 2013, and SEBI regulations. The Board has also delegated powers to a Rights Issue Committee to manage the terms and conditions of the issue. The meeting of the Board of Directors was held on August 6, 2026.
Key Highlights
- Company proposes Rights Issue to raise funds.
- Targeting an aggregate amount of up to ₹4000 Lakhs.
- Equity shares of face value Rs. 10/- to be issued.
- Subject to regulatory approvals and shareholder consent.
- Powers delegated to a Rights Issue Committee.
Price Impact
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