AGM Approves Auditor Re-appointment, Higher Authorised Capital and ESOP 2026
Re-appointment of CA Girish L. Shethia as Statutory Auditor for 5 years, till the 43rd AGM (FY 2030-2031).
By ScoutQuest · · 1 min read
- Auditor Re-appointment Period
- 5 years, till the 43rd AGM (FY 2030-2031)
- Authorised Share Capital - Previous
- Rs. 18,00,00,000/- (1,80,00,000 shares of Rs. 10/- each)
- Authorised Share Capital - Revised
- Rs. 27,00,00,000/- (2,70,00,000 shares of Rs. 10/- each)
- ESOP 2026 Coverage
- 7,68,294 shares
- AGM Date
- 24th September, 2026
What was approved
The company informed BSE that shareholders at the 39th Annual General Meeting held on 24th September, 2026 approved three resolutions.
Statutory Auditor
- CA Girish L. Shethia re-appointed as Statutory Auditor for a period of 5 (five) consecutive years, from the conclusion of this AGM till the conclusion of the 43rd AGM to be held in the Financial Year 2030-2031.
- He is described as a Chartered Accountant with over 35 years of experience in audit, taxation and financial advisory, including statutory audits of IND AS-compliant and listed entities.
Authorised Share Capital
- Existing: Rs. 18,00,00,000/- divided into 1,80,00,000 equity shares of Rs. 10/- each.
- Revised: Rs. 27,00,00,000/- divided into 2,70,00,000 equity shares of Rs. 10/- each.
- Clause V of the Memorandum of Association is altered accordingly.
- Authorised capital is the ceiling up to which a company may issue shares; raising it does not by itself issue new shares.
Employee Stock Option Plan
- Shareholders approved the Zodiac JRD MKJ Employees Stock Option Plan 2026 and the grant of options thereunder. The Board had approved the Plan at its meeting held on 30th May 2026.
- Total number of shares covered by these options: 7,68,294.
- The Plan is stated to be in terms of SEBI (SBEB) Regulations, 2021, and is intended to attract, retain and motivate key talent in the company, its holding company and subsidiaries.
What it means for investors
The headroom for issuing shares has been increased and an employee stock option plan is now in place. Both steps can lead to dilution for existing shareholders if and when shares are actually issued or options are exercised.
Also from Zodiac-JRD-MKJ
AGM approves authorised capital hike to Rs. 27 crore, ESOP 2026 and auditor re-appointment
24 Sep 2026
More numbers
- Auditor term5 (five) consecutive years
- Auditor experienceover 35 years
- Existing authorised share capitalRs. 18,00,00,000/-
- Existing authorised shares1,80,00,000
- Revised authorised share capitalRs. 27,00,00,000/-
- Revised authorised shares2,70,00,000
- Face value per shareRs. 10/-
- Shares covered by ESOP options7,68,294
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.