The Board of Directors of Zodiac Clothing Company Limited (ZODIACLOTH) met on 28 May 2025, approving several key decisions:
- Financial Results: The Board approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended 31 March 2025. The auditors have issued an unmodified opinion on these results. No specific management commentary or future guidance was provided in the announcement beyond the approval of these results.
- For the standalone results for the financial year 2024-25:
- Revenue from operations stood at ₹17,201.45 lakh.
- Total income was ₹18,491.23 lakh.
- The company reported a loss before tax of ₹3,450.43 lakh and a loss for the year of ₹4,031.09 lakh.
- Basic Loss per share was ₹15.52.
- For the consolidated results for the financial year 2024-25:
- Revenue from operations was ₹19,580.49 lakh.
- Total income was ₹20,468.73 lakh.
- The company reported a loss before tax of ₹3,508.91 lakh and a loss for the year of ₹3,710.35 lakh.
- A one-time cumulative impact of ₹591.00 lakh was recognized on deferred tax assets/liabilities due to amendments in the Finance Bill, 2024.
- Dividend: The Board did not recommend any dividend for the financial year ended 31 March 2025.
- Preferential Issue: The Board approved the issue of equity shares on a preferential basis, raising up to ₹15 crore. These shares will be issued to promoters, Mr. Mohamed Anees Noorani and Mr. Salman Yusuf Noorani. This issue is subject to shareholder approval through postal ballot and other necessary regulatory/statutory approvals. The issue price will be determined on the Relevant Date, 18 June 2025, based on the pricing formula as per SEBI ICDR Regulations, 2018.
- Secretarial Auditor Appointment: M/s. Robert Pavrey & Associates LLP has been appointed as the Secretarial Auditor for five consecutive years, commencing from the financial year 2025-26 till the financial year 2029-30. This appointment is based on the recommendation of the Audit Committee and is subject to approval by the members at the ensuing 41st Annual General Meeting (AGM).