BSE in-principle approval received for proposed rights issue; Board to meet on November 4
BSE has granted in-principle approval dated November 3, 2026 for Zodiac-JRD-MKJ's proposed rights issue of equity shares, capped at Rs. 40 Crores.
By ScoutQuest · · 2 min read
- BSE In-Principle Approval Date
- November 3, 2026
- Rights Issue Size Cap
- not exceeding Rs. 40 Crores
- Board Meeting Date
- November 4, 2026
What a rights issue is
A rights issue is an offer of new equity shares to a company's existing shareholders, usually in proportion to their current holding. Shareholders are typically offered the first right to subscribe, generally at a price the Board decides.
What the update says
- The company has received in-principle approval dated November 3, 2026 from BSE Limited for its proposed rights issue of equity shares.
- The Board, at its meeting on August 6, 2026, had approved the issue of equity shares to existing shareholders through a rights issue for an amount not exceeding Rs. 40 Crores.
- The Board meeting earlier planned for August 12, 2026 was to take up the issue price, rights entitlement ratio, record date and other terms, and was to be convened upon receipt of the necessary in-principle approval from BSE Limited.
What happens next
- A Board meeting is scheduled for Wednesday, November 4, 2026 to consider and approve the issue price, rights entitlement ratio, record date and other terms and conditions of the rights issue.
- The in-principle approval is a clearance step for the proposed issue; the price, ratio and record date are the terms the Board will decide at that meeting.
What investors may want to track
- The issue price and the rights entitlement ratio, which together decide how much a shareholder is entitled to apply for and at what cost.
- The record date, which fixes who is eligible to receive the rights entitlement.
- The amount to be raised, which the company has indicated as not exceeding Rs. 40 Crores.
How to read this
This is an update on the progress of a fund-raising plan already approved by the Board. It tells shareholders where the rights issue stands and when the commercial terms are expected to be decided, rather than announcing fresh financial results or a change in the company's business.
Also from Zodiac-JRD-MKJ
Board takes on record unaudited Q2 and half-year results; auditor's review conclusion unmodified
3 Nov 2026
Board meeting on 03 November 2026 to approve Q2 and half-year un-audited results
26 Oct 2026
AGM approves authorised capital hike to Rs. 27 crore, ESOP 2026 and auditor re-appointment
24 Sep 2026
More numbers
- Rights issue size (not exceeding)Rs. 40 Crores
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.