Zodiac Clothing Company Limited reports voluntary liquidation of Delaware subsidiary Zela Technologies Inc.
Zodiac Clothing Company Limited has confirmed that the voluntary liquidation application for its stepdown subsidiary, Zela Technologies Inc., has been approved by the authorities in Delaware on August 7, 2026. The approval was conveyed to the company on August 10, 2026.The subsidiary, Zela Technologies Inc., underwent this voluntary liquidation process. Financial details regarding the undertaking as of March 31, 2026, have been disclosed.
A summary of the financial standing and operations of Zela Technologies Inc. is provided below:
| Metric | Value (USD) | Equivalent (INR) | Percentage |
|---|---|---|---|
| Revenue from Operations | - 667 | 58,905 | 0.01% |
| Net Worth | 49,152 | (46,13,095) | (25%) |
The records also indicate that the liquidation is voluntary. Consequently, fields pertaining to a sale agreement, expected completion of disposal, or consideration received from such a sale are not applicable.
ZODIACLOTH Stock Price Movement
Shares of Zodiac Clothing Company Limited slipped by 2.74% to settle at ₹75.71 today, trading down following the close. The stock witnessed intraday volatility, moving within a range spanning from ₹75.22 to ₹78.38.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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