Subsidiary11 Aug 2026, 12:12 pm
Zodiac Clothing Subsidiary Voluntary Liquidation Approved
AI Summary
Zodiac Clothing Company Ltd announced the approval of the voluntary liquidation of its stepdown subsidiary, Zela Technologies Inc., Delaware (USA), by Delaware Authorities on August 7, 2026. The company has submitted a revised annexure with corrected net worth percentages as per SEBI Listing Regulations. The subsidiary contributed a negligible 0.01% to the company's revenue and had a negative net worth of -0.25% as of March 31, 2026.
Key Highlights
- Voluntary liquidation of US subsidiary Zela Technologies Inc. approved.
- Correction in net worth percentage submitted to regulatory authorities.
- Subsidiary's revenue contribution was 0.01% as of March 31, 2026.
- Subsidiary's net worth was negative at -0.25% as of March 31, 2026.
Price Impact
More from ZODIACLOTH