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.

Zodiac Clothing Company Limited (ZCCL) has announced the cancellation of its planned preferential issue of equity shares due to unforeseen circumstances. The company had initially proposed to issue 13,44,086 equity shares at Rs. 111.60 per share to its promoters.

Reason for Cancellation

The cancellation comes in the wake of the sudden and unfortunate demise of Mr. Mohamed Anees Noorani, the company's Promoter and Chairman, on July 29, 2025. Mr. Noorani was one of the proposed allottees in the preferential issue.

Details of the Cancelled Issue

Timeline of Events

1. July 24, 2025: ZCCL received in-principle approval from BSE and NSE for the preferential issue.
2. July 29, 2025: Mr. Mohamed Anees Noorani passed away.
3. August 8, 2025: ZCCL officially announced the cancellation of the preferential issue.

Impact on the Issue

Mr. Salman Yusuf Noorani, Vice Chairman & Managing Director and the other proposed allottee, did not subscribe to the issue due to the bereavement of losing his elder brother, Mr. Mohamed Anees Noorani.

The company was unable to complete the issue within the statutory 15-day period following the in-principle approval. As a result, no shares were subscribed to or allotted under this preferential issue.

Company Statement

In its official communication to the stock exchanges, Zodiac Clothing Company Limited stated, "In view of the above, please be informed that no shares have been subscribed nor allotted by the Company under the aforesaid Preferential Issue."

Upcoming Board Meeting

In a separate announcement, ZCCL has informed that a meeting of the Board of Directors is scheduled for Wednesday, August 13, 2025. The board will consider and approve the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2025.

The company has also noted that the 'Trading window' will remain closed until 48 hours after the declaration of the said results, in compliance with regulatory requirements.

Investors and stakeholders of Zodiac Clothing Company Limited will be keenly watching for further updates from the company, particularly regarding its financial performance and any potential changes in leadership following these recent events.