Zodiac JRD-MKJ Limited announced that its Board of Directors will convene on Thursday, August 6, 2026, to consider a proposal for raising funds through the issuance of equity shares on a rights basis. The company, engaged in diamonds, jewellery, and precious and semi-precious stones, intends to offer these shares to its eligible equity shareholders. This potential capital raise is subject to obtaining requisite approvals from relevant regulatory authorities and compliance with applicable laws.

The meeting agenda primarily focuses on the rights issue proposal. The Board will evaluate the terms and conditions of the issuance, ensuring alignment with the Companies Act, 2013, as amended, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. Any other matters may be discussed with the permission of the Chair and the consent of a majority of the Directors present, including at least one Independent Director.

Key Details of the Board Meeting

The notice for the meeting was issued on July 30, 2026, by Mahesh Ratilal Shah, Managing Director of Zodiac JRD-MKJ Limited. The company emphasized that the rights issue is contingent upon regulatory clearances. Shareholders should await further communications regarding the specific terms, pricing, and timeline of the rights issue once approved by the Board.

What This Means for Investors

A rights issue allows existing shareholders to maintain their proportional ownership in the company by purchasing additional shares at a specified price. For Zodiac JRD-MKJ Limited, this mechanism serves as a way to raise equity capital without diluting existing shareholders' stakes proportionally, provided they participate. Investors will need to monitor subsequent filings for details on the offer size, subscription ratio, and exercise period.

Bluerock Infrastructure Solutions LLP has reduced its shareholding in Zodiac JRD-MKJ Limited to 6.00% following an open market sale on June 30, 2026. The acquirer, which belongs to the promoter group, offloaded 50,000 equity shares, representing 0.45% of the total share capital.

The disclosure was made to BSE Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Prior to the transaction, Bluerock Infrastructure Solutions LLP held 7,08,848 shares, accounting for 6.45% of the company's stake.

The total equity share capital of Zodiac JRD-MKJ Limited remains unchanged at 1,09,75,625 equity shares of ₹10 each. The transaction involved only shares carrying voting rights, with no changes reported in encumbered shares or convertible securities.

Shareholding Details

The following table outlines the changes in Bluerock Infrastructure Solutions LLP's shareholding:

Transaction Details

The sale was executed through the open market mechanism. The total diluted share capital of the target company stands at 1,09,75,625 equity shares. Rushat P Sanghavi, the designated partner of Bluerock Infrastructure Solutions LLP, signed the disclosure.