AGM approves authorised capital hike to Rs. 27 crore, ESOP 2026 and auditor re-appointment
At the 39th AGM held on 24th September, 2026, shareholders approved three items.
By ScoutQuest · · 2 min read
- Authorised Share Capital - Old
- Rs. 18,00,00,000/- (1,80,00,000 equity shares of Rs. 10/- each)
- Authorised Share Capital - New
- Rs. 27,00,00,000/- (2,70,00,000 equity shares of Rs. 10/- each)
- ESOP Coverage
- Zodiac JRD MKJ Employees Stock Option Plan 2026 covering 7,68,294 shares
- Statutory Auditor Re-appointment
- Mr. Girish L. Shethia re-appointed for 5 consecutive years till 43rd AGM in FY 2030-2031
What was approved
The company informed BSE that shareholders at the 39th Annual General Meeting held on 24th September, 2026 approved three resolutions.
Authorised share capital
- Existing Clause V: authorised share capital of Rs. 18,00,00,000/- divided into 1,80,00,000 equity shares of Rs. 10/- each.
- Revised Clause V: authorised share capital of Rs. 27,00,00,000/- divided into 2,70,00,000 equity shares of Rs. 10/- each.
Authorised capital is the ceiling up to which a company may issue shares. Raising it does not by itself issue any new shares or change existing shareholding; it creates headroom for future issuances.
Employee Stock Option Plan
- The "Zodiac JRD MKJ Employees Stock Option Plan 2026" was approved by the Board at its meeting held on 30th May 2026 and by members at the AGM.
- Total number of shares covered by these options: 7,68,294.
- The company states the scheme is in terms of SEBI (SBEB) Regulations, 2021.
- Stated purpose: to attract, retain and motivate key talent working with the company, its holding company and its subsidiary companies.
Stock options, if and when exercised, result in new shares and can dilute existing shareholders.
Statutory Auditor
- Mr. Girish L. Shethia, Chartered Accountant, was re-appointed as Statutory Auditor for a period of 5 consecutive years, from the conclusion of this AGM till the conclusion of the 43rd Annual General Meeting to be held in Financial Year 2030-2031.
- His profile cites over 35 years of professional experience in audit, taxation and financial advisory, including statutory audits of IND AS-compliant and listed entities, internal audits, GST advisory and litigation support, and RERA compliance.
How investors may read it
The capital headroom increase together with an approved ESOP pool points to preparation for future share issuance. The actual impact depends on the terms and timing of any issue, which are not part of this approval.
Also from Zodiac-JRD-MKJ
AGM Approves Auditor Re-appointment, Higher Authorised Capital and ESOP 2026
24 Sep 2026
More numbers
- Existing authorised share capitalRs. 18,00,00,000/-
- Existing authorised equity shares1,80,00,000
- Revised authorised share capitalRs. 27,00,00,000/-
- Revised authorised equity shares2,70,00,000
- Face value per shareRs. 10/-
- Shares covered by stock options7,68,294
- Auditor term5 (five) consecutive years
- Auditor professional experienceover 35 years
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