Zodiac-JRD-MKJ Announces Subsidiary VEM Plastic Molding as Material Subsidiary
Zodiac-JRD-MKJ Limited has announced that its subsidiary, M/s. VEM Plastic Molding Private Limited, has been determined to be a Material Subsidiary of the company. The determination was based on the audited financial statements for the Financial Year ended March 31, 2026.A subsidiary is classified as a Material Subsidiary if its turnover or net worth exceeds ten percent of the consolidated turnover or net worth, respectively, of the listed entity and its subsidiaries in the immediately preceding Financial Year.
Zodiac-JRD-MKJ Limited confirmed that based on the audited financial statements of VEM Plastic Molding Private Limited and the audited consolidated financial statements of the Company for the Financial Year ended March 31, 2026, the subsidiary successfully meets the prescribed criteria and qualifies as a Material Subsidiary.
The announcement provides key operational details regarding the group's structure and financial linkages based on the previous financial cycle.
Stock Price Movement
Zodiac-JRD-MKJ Ltd shares closed at ₹34.44 today, finishing the week down 0.32%. The equity traded during the session, ranging from a low of ₹34.00 all the way up to a high of ₹37.01.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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