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ZODIACLOTH

Zodiac Clothing seeks shareholder approval for fund raising and director remuneration revision.

Source |11:38 18 Jun 25

fundraising corporate actions board changes

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.

ZODIACLOTH

Zodiac Clothing Board Approves ₹15 Crore Preferential Issue, Declares FY25 Results, No Dividend

Source |16:12 28 May 25

results corporate actions

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).

ZODIACLOTH

Zodiac Clothing Faces Penalty for Regulatory Non-Compliance

Source |03:24 28 Apr 25

regulatory filings legal

Zodiac Clothing Company Limited received notices from NSE and BSE on 17 Mar 25 for non-compliance with SEBI LODR Regulations, 2015. The non-compliance pertains to the appointment of Mr. Dilip Thakkar as a Non-Executive, Independent Director who had attained 87 years of age without prior special resolution, violating Regulation 17 (1A). This notice is applicable for the quarter ended 30 Sep 24. The financial implication of this non-compliance is a penalty of ₹3,06,800 (inclusive of GST), which the company will pay to NSE and BSE.

ZODIACLOTH

Zodiac Clothing Notified by NSE and BSE for Non-Compliance Over Director Appointment

Source |03:24 28 Apr 25

regulatory filings legal board changes corporate actions

Zodiac Clothing Company Limited received notices from the National Stock Exchange of India (NSE) and BSE Limited on 17 Mar 25. The notices are for non-compliance related to the appointment of Mr. Dilip Thakkar as a Non-Executive, Independent Director. The company violated regulations by appointing Mr. Thakkar, who is 87 years old, without obtaining prior special resolution. This non-compliance carries financial implications of ₹3.07 lakhs (inclusive of GST). Zodiac Clothing has expressed regret for the delay in making this announcement due to oversight and affirmed its commitment to future compliance.