Zodiac Ventures Ltd Share Price

History of Zodiac Ventures Ltd

Zodiac Ventures Limited was formerly incorporated on February 19, 1981 as 'Growel Investment Limited'. In March 24, 1981, the Company received the Certificate of Commencement of Business. On November 8, 2006, the name of the Company was changed from Growel Investment Limited to Money Masters Investment Limited and again on June 29, 2010, it changed to Zodiac Ventures Limited. Zodiac Ventures Ltd is real estate Development Company operating in Mumbai. The company is focusing on residential projects developments. They currently follow a sale model for our residential projects. The company has one subsidiary, namely Zodiac Developers Pvt Ltd, which is engaged in the business of real estate. The key focus area of Company business has been reconstruction or redevelopment of slum areas, ...cessed buildings by housing societies or old buildings belonging to the Municipal Corporation of Greater Mumbai. The company undertakes research for their projects prior to making any decisions to acquire, develop or sell our properties. Their operations include the identification and acquisition of land and land development rights and the planning, execution and marketing of their projects. The company was incorporated with the main object to carry on the business in shares, securities and other investments and financing. With a view to raise finance to buy, invest in debentures, debenture stock of other companies including securities of any government authorities, bonds, certificates and to pursue business of financing the company made their maiden public issue in the year 1981. The original/ first promoters of the company, Aman More (acting through Niraj More as the natural guardian) and Radhakrishan Nandlal Pvt Ltd sold 1,33,500 equity shares of Rs 10 each, representing 54.81% of the total paid up shareholding of 2,43,570 of the company to Hozef Darukhanawala, vide Share Purchase Agreement date November 28, 2005. In March 26, 2010, Jimit Shah, Ramesh Shah, Pushpa Shah and Yesha Shah entered into an MoU with Hozef Darukhanawala to acquire 1,04,500 equity shares constituting 13.48% of the total paid up shareholding of the company and acquired management control over the company. Also, Zodiac Developers Pvt Ltd became a subsidiary of the company with effect from December 15, 2010. Jimit Shah, Ramesh Shah, Pushpa Shah and Yesha Shah acquired controlling interest in the share capital and management of the company with the intent of diversifying into the real estate depending upon the market conditions and available opportunities. Thus, the company changed their objects from being an investment company to a real estate development company. The Company has undertaken two redevelopment projects with residential societies at prime locations in Vile Parle (East), Mumbai viz. Zodiac Anjaneshwar and Zodiac Guruchhaya in FY 2025. After completion of 3-level basement, Zodiac Anjaneshwar Project has been completed up to the sixth slab level with two slabs remaining. Zodiac Guruchhaya Project received Intimation of Disapproval (IOD) from the MCGM. Demolition of the existing structure has been completed, and excavation and shore piling work is currently in progress. In line with this strategy, the Company's management has acquired a 25% stake in Zodiac Capital Pvt. Ltd., which has proposed a large slum rehabilitation scheme spread over 5600 square meters at Indira Nagar, Vile Parle (West), Mumbai, in the vicinity of Juhu and Mithibai College. Additionally, Company ventured into new business avenues within the Food Processing Industry under the name 'Mumbai Mega Food Park', as part of its diversification strategy. It has received approval from the Ministry of Food Processing Industries, Government of India, for setting up Agro Processing Clusters, also known as Food Parks, in Raigad District, Maharashtra.