Zodiac Clothing Company Limited has informed the Exchange regarding Corrigendum to Notice of Postal Ballot
ZODIACLOTH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zodiac Clothing has issued a corrigendum to its postal ballot notice originally sent on 18th June 2025, which seeks shareholder approval for a preferential issue of equity shares to promoters. The corrigendum clarifies the pricing basis: the shares qualify as 'frequently traded' on NSE (higher trading volume over the preceding 240 trading days), and the floor price has been computed at Rs. 111.45 per share (based on the 10-day VWAP, which is higher than the 90-day VWAP of Rs. 103.06). The actual preferential issue price remains Rs. 111.60 per share, which is marginally above the floor price. The corrigendum also updates the details of the Practicing Company Secretary (Ms. Prerana Jadhav) who certified the preferential issue. The company clarified that the issue will not trigger a change in control and no single allottee will receive more than 5% of post-issue diluted capital, so Regulation 166A is not applicable. E-voting remains open until 18th July 2025, and shareholders who have already voted may revise their votes by emailing the scrutinizer on or before that date.
No material change to the preferential issue terms — the issue price stays at Rs. 111.60 per share and no management control change is involved. The corrigendum mainly adds procedural clarity (valuation report, PCS certificate) and gives shareholders who already cast votes a window to reconsider before the 18th July 2025 deadline. Minimal direct impact on share price expected from this administrative update.