Zodiac Clothing Company Limited has intimated under Regulation 30 of SEBI (LODR) Regulations, 2015.
ZODIACLOTH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.5 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Zodiac Clothing Company had planned a preferential issue of 13,44,086 equity shares at Rs. 111.60 per share to its promoters, for which it had received in-principle approval from BSE and NSE on 24th July 2025. The issue could not be completed within the required 15-day statutory window because Promoter and Chairman Mr. Mohamed Anees Noorani, who was one of the proposed allottees, passed away suddenly on 29th July 2025. The other proposed allottee, Vice Chairman & Managing Director Mr. Salman Yusuf Noorani, was unable to subscribe due to the bereavement. As a result, no shares were subscribed or allotted under this preferential issue.
The planned capital infusion from promoters has not materialised, so there is no change in shareholding or equity base at this time. The loss of the Chairman and inability to complete the issue may create near-term uncertainty, but existing shareholders are not diluted and the company retains the option to revisit the fundraising plan in the future.