This is a regulatory disclosure submitted to BSE Limited, informing them of the receipt of an in-principle approval for a proposed Rights Issue and the subsequent convening of a Board meeting.
The Company refers to its previous intimations dated:
- August 6, 2026: The Board of Directors approved a Rights Issue of Equity Shares for an amount not exceeding ₹40 Crores.
- August 6, 2026: A Board meeting was scheduled for August 12, 2026, to determine the Issue Price, Rights Entitlement ratio, Record Date, and other terms, subject to receiving in-principle approval.
- August 12, 2026: The Company informed that the Board meeting for the specific agenda would be convened only upon receipt of the necessary in-principle approval, which was still under process at that time.
The Company has now received the in-principle approval from BSE Limited for the proposed Rights Issue. The approval is dated November 3, 2026.
Pursuant to receiving this approval, a meeting of the Board of Directors is now scheduled to be held on Wednesday, November 4, 2026. The agenda for this meeting is to consider and approve the final terms of the Rights Issue, including the Issue Price, Rights Entitlement Ratio, and Record Date.
The letter is signed by Mahesh Ratilal Shah, Managing Director (DIN: 00217516), on behalf of Zodiac-JRD-MKJ Limited.