Zodiac Clothing subsidiary Zela Technologies Inc. approved for voluntary liquidation

Zodiac Clothing Company Ltd has announced that its stepdown subsidiary, Zela Technologies Inc. (USA), has received approval for voluntary liquidation from Delaware Authorities on August 7, 2026. The company was informed of this development on August 10, 2026. The subsidiary contributed a negligible 0.01% to the company's revenue from operations (USD 667 or Rs. 58,905) and had a negative net worth of USD (49,152) or Rs. (46,13,095) as of March 31, 2026. The liquidation is voluntary, and specific details regarding sale agreements, completion dates, or consideration are not applicable.