Zodiac Clothing Company Limited has informed the Exchange about the appointment of Mr. Salman Yusuf Noorani as the Chairman of the Company.
ZODIACLOTH · price
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The Board of Zodiac Clothing has appointed Mr. Salman Yusuf Noorani (DIN: 00068423) as Chairman and Managing Director with effect from February 13, 2026. He is described as an industrialist who was already overseeing the company's overall operations, product design, manufacturing, sales, and marketing. Alongside this, the Board approved unaudited results for Q3 FY26 and nine months ended December 31, 2025. Standalone revenue from operations fell to Rs 4,042 lakhs (from Rs 4,562 lakhs in Q3 FY25), and nine-month revenue declined to Rs 11,579 lakhs (from Rs 12,552 lakhs). The company reported a narrowed standalone loss of Rs 741 lakhs for the quarter (vs Rs 948 lakhs a year ago) and Rs 2,696 lakhs for nine months (vs Rs 3,267 lakhs). Consolidated Q3 FY26 revenue was Rs 4,127 lakhs with a loss of Rs 864 lakhs. Basic EPS for nine months stood at Rs (10.37) on a standalone basis.
The leadership appointment appears to be a formalisation of an existing operational role, suggesting continuity rather than a strategic shift. However, shareholders should note that the company continues to post losses and year-on-year revenue decline, even though quarterly losses have narrowed modestly.