Zodiac-JRD-MKJ Ltd — Updates, 01-07-2025: Company Update

Zodiac JRD-MKJ Limited has announced a board meeting and approved acquiring a 90% stake in VEM Plastic Molding Private Limited, a newly incorporated company specializing in plastics and molding products. The subsidiary is also set to acquire the business of VEM Tooling (India) Private Limited through a Business Transfer Agreement. This move aims to strengthen strategic growth, expand market presence, and diversify the company's revenue streams. The acquisition was made via cash consideration at Rs. 10 per share, reflecting the company’s focus on broadening its operational footprint in the plastics sector.