Zodiac Ventures Ltd has announced through a regulatory filing that a meeting of its Board of Directors is slated to take place on Friday, July 25, 2025. The primary agenda of this meeting will be to deliberate on and potentially recommend a dividend on equity shares for the financial year ended March 31, 2025.
Penny Stock Dividend
According to the company’s statement, any dividend, if recommended by the Board, will subsequently require the approval of the shareholders at the forthcoming Annual General Meeting (AGM). The dividend, if approved, would be disbursed on or after the date of the AGM.
This development is particularly notable as it would mark Zodiac Ventures’ first dividend announcement in nearly a year, reflecting a potential shift in the company’s capital allocation strategy or improved financial performance. The move also comes at a time when the company is actively engaging shareholders through other financial instruments such as a rights issue.
Zodiac Ventures Rights Issue: Record Date Confirmed, Issue Details Disclosed
In addition to the dividend update, today also marked the record date for Zodiac Ventures’ rights issue, which aims to raise approximately Rs 28.41 crore. The microcap company had earlier fixed the rights issue price at Rs 6.30 per share, which includes a premium of Rs 5.30 over the face value of Rs 1.
Under the terms of the rights issue, the company will issue 4,51,08,000 equity shares to eligible shareholders in the ratio of 6 rights equity shares for every 5 equity shares held as of the record date. This offering is intended to provide existing shareholders an opportunity to increase their stake at a discounted price while enabling the company to raise necessary funds for its business operations or future expansion.
The rights issue will open for subscription on July 31, 2025, and will close on August 14, 2025. The last date for renunciation of rights (i.e., transfer of rights entitlements through the stock market) has been set as August 8, 2025. Investors interested in trading these rights entitlements must do so before this deadline.
Zodiac Ventures Share Price and Market Performance
On Friday, shares of Zodiac Ventures classified as a penny stock trading under Rs 10 – closed unchanged at Rs 9.31 per share, matching its previous closing price. During the trading session, the stock recorded an intraday high of Rs 10.19 and a low of Rs 9.00.
The company, which currently has a market capitalization of approximately Rs 77 crore, witnessed trading volumes of around 4.52 lakh shares, notably higher than its two-week average volume of 2.77 lakh shares indicating heightened investor interest, possibly due to the dividend and rights issue developments.
In terms of recent price performance, Zodiac Ventures’ shares have surged approximately 21% over the past month and 18.75% over the last three months, showcasing a short-term bullish trend. However, on a 12-month basis, the stock has delivered a negative return of around 9%, reflecting a mixed investor sentiment over the longer term.