Statement of Deviation and Variation - 31st March, 2026
ZODIACLOTH · price
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Zodiac Clothing Company reported its audited financial results for Q4 and FY ended March 31, 2026. The company raised Rs. 15 Crore through preferential issue on January 16, 2026, with funds allocated for capital expenditure (Rs. 11.25 Cr) and general corporate purposes (Rs. 3.75 Cr). The audit confirmed no deviation in fund utilization. Standalone revenue declined to Rs. 16,012.27 Lakhs from Rs. 17,291.47 Lakhs in FY2025. However, loss before tax improved to Rs. 2,991.04 Lakhs from Rs. 3,450.43 Lakhs in the previous year. EPS remained negative at Rs. (11.85) per share, though an improvement from Rs. (15.51) in FY2025. The company recognized Rs. 116.35 Lakhs as past service cost of gratuity. Auditors issued an unmodified opinion on both standalone and consolidated results.
The company continues to incur losses, but the narrowing loss before tax indicates some operational improvement. The Rs. 15 Crore equity raise by promoters demonstrates confidence in the company. No fund utilization deviation is a positive compliance signal for shareholders.