Zodiac Clothing Company Limited — QIP/Rights/Pref., 28-05-2025: Preferential issue

Zodiac Clothing Company has announced a board meeting on May 28, 2025, approving a preferential issue of equity shares worth up to Rs. 15 Cr to promoters Mohamed Anees Noorani and Salman Yusuf Noorani, subject to shareholder approval. The issue price and number of shares will be finalized on June 18, 2025. Proceeds are intended to support the company’s ongoing business and strategic needs. The company reported a consolidated net loss of Rs. 36.10 Cr for FY25, affected by one-time deferred tax adjustments and operational challenges.