Zodiac Clothing Company Limited has intimated the Exchange regarding the demise of Mr. Mohamed Anees Noorani, Chairman & Promoter of the Company on July 29, 2025.
ZODIACLOTH · price
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Zodiac Clothing Company has informed the stock exchanges about the passing of Mr. Mohamed Anees Noorani, its Chairman and Promoter, on July 29, 2025. He had been associated with the company since 1968 and held several leadership roles over nearly six decades, including Managing Director (1994–2017), Vice Chairman (2002–2019), and Chairman (from February 2020 until his death). He was also a former Director on the Board of Indian Oil Corporation and held leadership positions in various industry bodies such as the Indo-German Chamber of Commerce and the Apparel Export Promotion Council. The Board has expressed condolences and acknowledged his significant contributions to the company.
The sudden loss of a long-serving Chairman and Promoter may create leadership uncertainty in the near term, especially around succession planning at the board level. Given his deep institutional involvement, investors should watch for announcements on a new Chairman and any changes in the promoter group's holding or strategic direction.