Zodiac clothing has announced the assignment of CRISIL BB/Stable rating for its bank facilities worth Rs. 53 crore. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following receipt of the rating letter from CRISIL Ratings Ltd.

Rating Assignment Details

CRISIL Ratings Ltd. communicated the rating assignment through its letter dated April 2, 2026, which was received by Zodiac Clothing Company Limited on April 10, 2026. The rating covers the company's total bank loan facilities and reflects CRISIL's assessment of the company's creditworthiness.

Bank-wise Facility Distribution

The rated facilities are distributed across multiple banking partners, demonstrating the company's diversified funding approach. The breakdown includes both existing facilities and proposed limits across four major banks.

Rating Surveillance and Validity

CRISIL Ratings maintains continuous surveillance and review of all assigned ratings. The rating agency reserves the right to withdraw or revise ratings based on new information or changing circumstances that may impact the assessment. The current rating letter will remain valid until March 31, 2027, after which a new rating letter dated later than this date will be required.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kumar Iyer, Company Secretary of Zodiac Clothing Company Limited, signed the regulatory filing on April 10, 2026. The rating letter from CRISIL was attached as supporting documentation for the stock exchange filing.

Zodiac clothing Company Limited has fulfilled its regulatory obligations by submitting the mandatory compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made on April 2, 2026, to both the National Stock Exchange of India Limited and BSE Limited.

Regulatory Compliance Certificate Details

The compliance certificate was issued by KFIN Technologies Limited, which serves as the Registrar and Share Transfer Agent for Zodiac Clothing Company Limited. The certificate confirms that all mandatory details regarding securities transactions have been properly reported to relevant authorities.

SEBI Regulation 74(5) Requirements

Under SEBI Regulation 74(5), companies are required to ensure that their Registrar and Share Transfer Agents provide certificates confirming the proper reporting of securities dematerialization and rematerialization activities. This regulation mandates that all relevant details of such transactions during each quarter must be furnished to stock exchanges where the company's shares are listed.

Depository Compliance

KFIN Technologies Limited issued separate certificates to both major depositories in India - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). Both certificates, dated April 1, 2026, confirm compliance with the regulatory requirements for the quarter ended March 31, 2026.

Company Leadership

The regulatory filing was submitted under the authority of Salman Yusuf Noorani, Chairman & Managing Director of Zodiac Clothing Company Limited. The document bears his digital signature dated April 2, 2026, demonstrating the company's commitment to maintaining proper corporate governance standards.

Significance for Stakeholders

This compliance certificate submission reflects Zodiac Clothing Company Limited's adherence to SEBI's transparency requirements and regulatory framework. Such filings ensure that all securities transactions are properly documented and reported, maintaining market integrity and protecting investor interests through standardized reporting mechanisms.