The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Salman Noorani & Others
ZODIACLOTH · price
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.6 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The promoter and promoter group of Zodiac Clothing Company Limited acquired a total of 14,64,414 equity shares on 16th January 2026 through a Preferential Allotment. The shares were allocated to seven members of the Noorani family, including promoter Salman Yusuf Noorani (2,44,069 shares) and six promoter group members. As a result, the company's total equity share capital increased from 2,59,93,717 to 2,74,58,131 shares. No shares were encumbered or pledged as part of this transaction. Individual allotments ranged from 0.32% to 1.41% of the expanded share capital.
This is a positive signal for shareholders as the promoter group is increasing its stake through a preferential allotment, demonstrating confidence in the company. The infusion of shares to promoters may slightly dilute existing public shareholders, but it also signals long-term commitment from the founding family.