Rights Issue30 May 2026, 05:22 pm
Zodiac Ventures: No Deviation in Rights Issue Proceeds Use
AI Summary
Zodiac Ventures Ltd confirms no deviation or variation in the use of proceeds from its Rights Issue of equity shares, as stated in the offer letter dated 14 July 2025. This confirmation is pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A statement of deviation or variation for the quarter ended 31st March 2026 is enclosed, showing funds allocated to augment working capital (₹890 Lakh), repayment of loans (₹1250 Lakh), general corporate purposes (₹651.80 Lakh), and issue-related expenses (₹50.00 Lakh) with no deviations.
Key Highlights
- Zodiac Ventures confirms no deviation in Rights Issue proceeds use.
- Funds utilized as per original allocation: working capital, loans, corporate purposes.
- Report filed under SEBI Regulation 32 for quarter ended March 31, 2026.
- Rights Issue raised ₹2841.80 Lakh.
- No changes in contract terms or objects requiring shareholder approval.
Price Impact
More from ZODIACVEN