Zodiac Clothing Company Limited seeks shareholder approval via postal ballot for several special resolutions.
Raising funds through the issuance of equity shares on a preferential allotment basis to promoters for cash, totaling ₹14.99 crore (149.9 million).
Issue up to 13,44,086 equity shares at ₹111.60 per share to Mr. Mohamed Anees Noorani (6,72,043 shares) and Mr. Salman Yusuf Noorani (6,72,043 shares).
Revision in remuneration payable to Mr. Mohamed Awais Jehangir Noorani and Mr. Adnan Salman Noorani, Whole-Time Directors, effective from 1 April 25 until 31 March 27.