Description
BSE announces extension of Zodiac Ventures Limited rights issue closing date from August 14 to August 25, 2025.
Summary
Zodiac Ventures Limited has extended its rights issue closing date from August 14, 2025 to August 25, 2025. The Rights Issue Committee made this decision to provide additional opportunity for shareholders to exercise their rights in the ongoing rights issue that opened on July 31, 2025.
Key Points
- Rights issue originally scheduled to close on August 14, 2025
- New closing date extended to August 25, 2025
- Rights Issue Committee meeting held on August 13, 2025 (2:00-2:20 PM)
- Extension aims to provide more time for shareholders to participate
- No changes to Letter of Offer, Abridged LOF, or Common Application Form except dates
Regulatory Changes
No regulatory changes - this is an administrative extension of existing rights issue timeline.
Compliance Requirements
- Shareholders must submit duly filled Common Application Form (CAF) with payment by August 25, 2025
- On-market renunciation deadline remains August 8, 2025
- Entitled equity shareholders should note the revised closure date
Important Dates
- Issue Opening Date: July 31, 2025 (Thursday)
- Last Date for On-Market Renunciation: August 8, 2025 (Friday)
- Issue Closing Date: August 25, 2025 (Monday) - REVISED
- Basis of Allotment Finalization: September 1, 2025 (Monday)
- Date of Allotment: September 3, 2025 (Wednesday)
- Date of Credit: September 6, 2025 (Saturday)
- Date of Listing: September 8, 2025 (Monday)
Impact Assessment
The extension provides additional time for shareholder participation, potentially improving subscription rates. This is a routine administrative action with minimal market impact, affecting only the timeline for Zodiac Ventures shareholders who wish to participate in the rights issue. The company’s scrip code is 503641.
Impact Justification
Rights issue extension affects shareholder participation timeline but is routine corporate action