Zodiac Clothing Company Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
ZODIACLOTH · price
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Zodiac Clothing Company reported its FY2026 standalone loss of Rs. 3,115.81 Lakhs, improving from Rs. 4,031.09 Lakhs loss in FY2025. Revenue from operations declined to Rs. 16,012.27 Lakhs from Rs. 17,291.47 Lakhs in the prior year. The company raised Rs. 15 Crore via preferential issue on January 16, 2026, allotting 14,64,414 equity shares to promoters at Rs. 92.43 premium per share. Funds were allocated for capital expenditure (Rs. 11.25 Cr) and general corporate purposes (Rs. 3.75 Cr). The Audit Committee confirmed no deviation in fund utilization. Auditors issued an unmodified opinion on both standalone and consolidated results. The company recognized Rs. 116.35 Lakhs as past service cost of gratuity.
The narrowing of losses is a positive sign though the revenue decline raises concerns about business growth. The Rs. 15 Crore capital infusion by promoters demonstrates their commitment. No fund utilization deviation is reassuring for shareholders regarding capital deployment.