Zodiac JRD MKJ Limited announced a rights issue of up to 1,60,00,000 fully paid-up equity shares at a price of ₹25/- per share. The issue, aggregating up to ₹4,000 lakhs (approximately ₹40 crore), aims to raise capital for working capital requirements, acquisition of Aerocom Automotives Private Limited, and investment in its subsidiary. The rights entitlement ratio is 145 shares for every 100 shares held as of November 11, 2026.
Zodiac JRD MKJ Limited Launches Rights Issue
Zodiac JRD MKJ Limited has announced a significant rights issue aimed at raising capital to fuel its growth and expansion plans. The company plans to issue up to 1,60,00,000 fully paid-up equity shares, each with a face value of ₹10/-. The issue price has been set at ₹25/- per equity share, which includes a share premium of ₹15/- per share, bringing the total issue size to approximately ₹4,000 lakhs (₹40 crore).
Capital Raising Rationale
The funds raised from this issue are intended to be utilized for several key objectives:
- Augmenting the company’s working capital requirements.
- Funding the acquisition of Aerocom Automotives Private Limited, a strategic move to expand its business operations in the automotive components sector.
- Making an investment in its subsidiary, VEM Plastic Molding Private Limited.
- Supporting general corporate purposes.
The rights issue is being offered on a rights basis to the existing equity shareholders of Zodiac JRD MKJ Limited. The entitlement ratio is set at 145 (one hundred and forty-five) Rights Equity Shares for every 100 (one hundred) fully paid-up Equity Shares held by the existing shareholders on the record date, which is scheduled for November 11, 2026.
Issue Details and Timeline
The issue opens on November 19, 2026, and closes on December 3, 2026. The issue price of ₹25/- per Rights Equity Share is 2.5 times the face value of the equity shares.
Source: BSE
