Mumbai: The stock exchange has announced that trading in the Rights Entitlements (REs) for Zodiac-JRD-MKJ Limited will begin from Friday, May 30, 2025. These Rights Entitlements allow existing shareholders to buy new shares before the general public. The trading will continue until Tuesday, June 3, 2025. The rights issue itself will be open from May 30 to June 9, 2025.
The Rights Entitlements will be traded in dematerialized form only, meaning they are electronic and not physical certificates. Trades will be settled quickly, on a T+1 rolling settlement basis, and every trade will be settled individually. The market lot for trading is 1, and the scrip code is 750988 with ISIN INE077B20018.
Trading members are told to inform their clients that buying Rights Entitlements only gives the right to apply for new shares or to sell those rights. It does not mean ownership of ordinary shares yet. If the Rights Entitlements are not used by applying with the payment or by renouncing (selling) before the issue closing date, they will expire and be worthless.
Members are asked to include clear disclaimers in their contract notes to avoid confusion. This notice refers to earlier announcements made in March and May 2020 for more details.
