Zodiac Clothing Company Limited has informed the Exchange regarding Board meeting held on May 28, 2025.
ZODIACLOTH · price
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Zodiac Clothing's board met on May 28, 2025 and approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the statutory auditor (MSKA & Associates) issuing an unmodified opinion. For FY25, standalone revenue from operations grew to Rs. 172.01 crore (from Rs. 151.67 crore in FY24, up ~13%), but the company reported a standalone net loss of Rs. 40.31 crore (wider than Rs. 34.37 crore loss in FY24) and a consolidated net loss of Rs. 37.11 crore. The board did not recommend any dividend for FY25. Additionally, the company announced a preferential issue of equity shares up to Rs. 15 crore to promoters Mr. Mohamed Anees Noorani and Mr. Salman Yusuf Noorani, subject to shareholder and regulatory approvals, and appointed a new Secretarial Auditor for a 5-year term.
Persistent losses and negative operating cash flows raise concerns about the company's profitability despite revenue growth, while the promoter-led Rs. 15 crore equity infusion signals promoter confidence but also potential dilution for existing shareholders. No dividend disappoints income-seeking investors.