<h1>Zodiac Clothing Company Ltd Revises Intimation Regarding Voluntary Liquidation of Subsidiary</h1>
Zodiac Clothing Company Limited has released a revised disclosure concerning the voluntary liquidation of Zela Technologies Inc., a stepdown subsidiary of the company. This update follows the approval of the liquidation application by the Delaware Authorities on August 7, 2026. The revision provides corrected details regarding the Net Worth percentage of the subsidiary as of March 31, 2026.
The necessary information is provided in an annexure detailing the financial status and specifics related to the winding up process.
As per the disclosure, Zela Technologies Inc., a wholly-owned indirect subsidiary, recorded specific figures for the last financial year (as at 31st March, 2026). The operational data reflects both USD and Indian Rupee values.
Key financial metrics reported for the subsidiary are as follows:
| Metric | USD Value | INR Value | Percentage |
|---|---|---|---|
| Revenue from operations | USD 667 | Rs. 58,905 | 0.01 % |
| Net Worth | USD (49,152) | Rs. (46,13,095) | (0.25 %) |
In relation to the liquidation process, several operational details were reviewed and confirmed as not applicable, given that the winding up is voluntary. This includes the entry of an agreement for sale, expected completion date of a sale or disposal, consideration received from such a sale/disposal, and whether the transaction falls within related party transactions.
The company's subsidiary, Zela Technologies Inc., is currently undergoing a voluntary liquidation process, which supersedes any plans involving a sale, lease, or disposal of the undertaking.
ZODIACLOTH Stock Price Movement
Zodiac Clothing Company Limited is gaining to ₹76.49 as of 12:15 PM today, successfully riding a 1.03% move built on an absolute rise of ₹0.78. This upward movement registers amid limited activity in the live market, with only 344 shares traded so far.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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