Zodiac Clothing Company Limited announced its financial results for the quarter and nine months ended December 31, 2025, along with a key leadership appointment. The Board of Directors meeting held on February 13, 2026, approved the unaudited financial results and appointed Mr. Salman Yusuf Noorani as the new Chairman and Managing Director.

Financial Performance Overview

The company reported mixed results for Q3 FY26, with some improvement in loss figures compared to the previous year. On a consolidated basis, the net loss narrowed to ₹864.00 lakhs in Q3 FY26 from ₹1,016.49 lakhs in Q3 FY25, representing a reduction in losses.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company showed improvement in loss reduction on a consolidated basis. The consolidated net loss decreased to ₹2,977.50 lakhs from ₹3,401.65 lakhs in the corresponding period of the previous year.

Geographic Revenue Distribution

The company's revenue continues to be diversified across domestic and international markets. For Q3 FY26, consolidated revenue from operations within India stood at ₹1,820.93 lakhs, while revenue from outside India was ₹2,306.45 lakhs, indicating a significant international presence.

Leadership Appointment

The Board approved the appointment of Mr. Salman Yusuf Noorani as Chairman and Managing Director effective February 13, 2026. Mr. Noorani brings industrial expertise in setting up and upgrading manufacturing facilities and currently oversees the company's overall operations, product design, manufacturing, sales, and marketing.

Operational Highlights

The company operates in a single segment of clothing and clothing accessories. During the quarter ended December 31, 2025, the company recognized past service cost of gratuity aggregating to ₹116.35 lakhs as employee benefits expense following the notification of new Labour Codes by the Government of India on November 21, 2025.

The financial results have been reviewed by the statutory auditors M/s MSKA & Associates LLP, who issued an unmodified conclusion on both standalone and consolidated unaudited financial results. The company maintains its listing on both BSE (Scrip Code: 521163) and NSE (Scrip Code: ZODIACLOTH).

Zodiac Clothing Company Limited has disclosed a substantial acquisition of 14,64,414 equity shares by its promoter and promoter group members through preferential allotment. The acquisition, completed on January 16, 2026, was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The share acquisition involved seven members of the Noorani family, comprising one promoter and six promoter group members. The transaction was executed through preferential allotment, with the company's equity share capital expanding significantly following the allotment.

Participating Members

The acquisition involved the following individuals from the promoter and promoter group:

• Mr. Salman Yusuf Noorani (Promoter)
• Mrs. Zehra Salman Noorani (Promoter Group)
• Mr. Adnan Salman Noorani (Promoter Group)
• Mrs. Muna Noorani (Promoter Group)
• Mr. Mohamed Awais Jehangir Noorani (Promoter Group)
• Mr. Mohamed Musaed Abu Nasr Noorani (Promoter Group)
• Ms. Saniyya Noorani (Promoter Group)

Share Capital Impact

The preferential allotment resulted in a substantial increase in the company's total equity share capital. The detailed breakdown shows the expansion from the pre-acquisition to post-acquisition share capital.

Individual Holdings Summary

The disclosure documents reveal varying acquisition amounts among the participating members. Mr. Salman Yusuf Noorani, as the promoter, acquired 2,44,069 shares, representing 0.89% of the total share capital. Other family members acquired different quantities, with Ms. Saniyya Noorani acquiring the largest portion of 3,86,605 shares, representing 1.41% of the share capital.

Regulatory Compliance

The company filed the disclosure with both BSE Limited and National Stock Exchange of India Limited, where Zodiac Clothing Company's shares are listed. The disclosure was signed by Company Secretary Kumar Iyer and submitted on January 20, 2026, maintaining compliance with SEBI regulations for substantial acquisitions by promoter groups.