StockWatch
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Gems- Jewellery And Watches
AGM/EGM24 Sept 2026, 10:24 pm

Zodiac JRD-MKJ Ltd: Shareholders Approve Capital Increase & ESOP Plan

AI Summary

Zodiac JRD-MKJ Ltd announced that its shareholders, at the 39th Annual General Meeting held on September 24, 2026, approved a significant increase in the company's authorized share capital from ₹18 crore to ₹27 crore. This alteration necessitates a consequential amendment to Clause V of the Memorandum of Association. Additionally, the shareholders re-appointed Mr. Girish L. Shethia as the Statutory Auditor for a five-year term and approved the Zodiac JRD MKJ Employees Stock Option Plan 2026, along with the grant of stock options to employees. These approvals are expected to support future growth and employee motivation.

Key Highlights

  • Authorized share capital increased by ₹9 crore to ₹27 crore.
  • Statutory Auditor re-appointed for a five-year term.
  • Employees Stock Option Plan 2026 approved.
  • Shareholders approved consequential MOA alteration.
  • AGM held on September 24, 2026, saw these approvals.