Zodiac Clothing Company Limited, a prominent player in the Indian clothing industry, has received a credit rating update from CRISIL Ratings Ltd. The company's total bank loan facilities, amounting to Rs 53 crore, have been assigned a CRISIL BB/Stable rating, indicating a moderate degree of safety regarding timely servicing of financial obligations.

Rating Details

CRISIL Ratings has provided the following assessment for Zodiac Clothing Company's bank facilities:

Breakdown of Bank Facilities

The rated amount includes both existing and proposed fund-based facilities from various banks:

Rating Implications

The CRISIL BB rating suggests that Zodiac Clothing Company has moderate risk with regard to timely payment of financial obligations. The 'Stable' outlook indicates that the rating is likely to remain unchanged in the near term.

Disclosure

The company disclosed this information to the National Stock Exchange of India Ltd. and BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

It's important to note that while this rating provides an indication of the company's financial health, investors and stakeholders should consider it as one of many factors in their decision-making process. The rating does not constitute a recommendation to buy, sell, or hold any financial instruments issued by the company.

Zodiac Clothing Company Limited continues to navigate the competitive clothing industry landscape, and this rating may influence its ability to secure future financing and impact investor perception.

Zodiac Clothing Company Limited , a prominent player in the Indian apparel industry, has announced a significant addition to its leadership team. The company's Board of Directors has appointed Ms. Djena Sunavala as an Additional Director in the category of Independent Director, subject to shareholder approval.

Key Details of the Appointment

• Term: 5 years, from September 12, 2025, to September 11, 2030
• Appointment Process: Approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee
• Director Identification Number (DIN): 03481614

Ms. Djena Sunavala's Professional Background

Ms. Sunavala brings a wealth of experience to Zodiac Clothing's board:

• Over 30 years of experience as a practicing attorney in Mumbai
• Currently serves as a managing partner at Aurus Legal, Advocate & Solicitors
• Leads the real estate practice at her firm
• Extensive experience representing Indian and foreign companies in various sectors:
  • Industrial, commercial, and residential projects
  • Financial services, including mutual funds and life insurance companies

Implications for Zodiac Clothing

The appointment of Ms. Sunavala is expected to bring valuable legal and business insights to Zodiac Clothing Company Limited. Her extensive experience in real estate and financial services could potentially benefit the company in areas such as:

• Corporate governance
• Legal compliance
• Strategic business decisions, particularly in real estate matters
• Potential expansion or restructuring initiatives

Additional Information

• Ms. Sunavala is not related to any existing Director of Zodiac Clothing Company Limited.
• She is not debarred from holding directorial positions by any regulatory authority.
• The appointment is in line with regulatory requirements, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This strategic appointment underscores Zodiac Clothing's commitment to strengthening its board with diverse expertise. As the company navigates the dynamic apparel industry landscape, Ms. Sunavala's legal acumen and business experience could prove invaluable in guiding the company's future endeavors.