The above unaudited financial results subject to the review by the statutory auditors were taken on record by the Board of Directors in their meeting held on July 27, 2005

The tax provision includes provision for Fringe Benefit Tax

The Income Tax provision including Deferred tax&Fringe Benefit Tax for the quarter is on estimated basis. The actual provision will be made at the year end.

The above unaudited financial results for the quarter ended June 30, 2005 were reviewed by the Audit committee.

Segments have been identified in line with the accounting standard on segment reporting taking into account the organisation structure as well the differential risk and returns of these segments. The company operates mainly in the Garment and accessories segment and has no reportable business segment which exceeds 10% of the total turnover as required by the accounting standard (AS - 17) of ICAI.

There were no investor complaints pending at the beginning of the current quarter. Three complaints were received during the quarter and were duly attended. There is no pending complaint at the end of the quarter.

The company had raised Rs. 30 Crores by way of a preferential issue of shares to a few financial investors during December 04. The objects of the issue inter alia were to part fund the acquisition of a shirtmanufacturing facility in the UAE through stepdown subsidiary, to aggresively grow the company's own stores over the next 3 years, and for the acquisition of a new corporate office through a wholly owned subsidiary. In terms of Clause 43 of the Listing Agreement the information required therein is furnished below:

Projected utilisation of funds (Rs.)

Previous year figures have been regrouped, wherever necessary.

ZODIAC CLOTHING COMPANY LIMITED
Regd. Office : Apte Properties, 10/76, Off Dr. E. Moses Road, Worli, Mumbai - 400 018
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2005

					(Rs. in Lakhs)
			QUARTER ENDED ON 30.06.05 UNAUDITED	QUARTER ENDED ON 30.06.04 UNAUDITED	YEAR ENDED ON 31.03.05 AUDITED

No.	Particulars

1.	Net Sales / Income from Operations		3,329	3,117	15,027
2.	Other Income		242	240	1,475
3.	Total Expenditure		3,354	3,112	15,117
	a)	(Increase) / decrease in stock in trade	(157)	(93)	(163)
	b)	Consumption of raw material	1,327	1,298	5,831
	c)	Purchase of Finished Goods	212	121	755
	d)	Staff cost	585	443	2,337
	e)	Manufacturing and other expenditure	1,390	1,343	6,031
4.	Interest		17	13	72
5.	Depreciation		47	30	148
6.	Gross Profit after interest and Depreciation but				477
	before extraordinary & prior period Expenses/
	Income and Taxation (1+2-3-4-5)		153	202	1,165
7	Extraordinary & prior period Expenses		1	31	29
8	Provision for Taxation (current)		56	57	445
9	Profit before deferred tax (6-7-8)		96	114	691
10	Provision for deferred tax		3	3	-53
11	Net Profit (9-10)		93	107	744
12	Paid -up Equity Share Capital (Face value Rs.10/-per share)		418	343	418
13	Reserve excluding revaluation reserves				8451
14	Earning per share (Rs.) (basic & diluted)		2.22	3.12	20.31
15	Aggregate of non-promoter shareholding
	-	- Numbrer of Shares	1,636,554	886,544	1,636,554
	-	- Percentage of Shareholding	39.14	25.84	39.14



	Notes:
	1	The above unaudited financial results subject to the review by the statutory auditors were taken on record by the Board of Directors in their meeting held on July 27, 2005
	2	The tax provision includes provision for Fringe Benefit Tax
	3	The Income Tax provision including Deferred tax&Fringe Benefit Tax for the quarter is on estimated basis. The actual provision will be made at the year end.
	4	The above unaudited financial results for the quarter ended June 30, 2005 were reviewed by the Audit committee.
	5	Segments have been identified in line with the accounting standard on segment reporting taking into account the organisation structure as well the differential risk and returns of these segments. The company operates mainly in the Garment and accessories segment and has no reportable business segment which exceeds 10% of the total turnover as required by the accounting standard (AS - 17) of ICAI.
	6	There were no investor complaints pending at the beginning of the current quarter. Three complaints were received during the quarter and were duly attended. There is no pending complaint at the end of the quarter.
	7	The company had raised Rs. 30 Crores by way of a preferential issue of shares to a few financial investors during December 04. The objects of the issue inter alia were to part fund the acquisition of a shirtmanufacturing facility in the UAE through stepdown subsidiary, to aggresively grow the company's own stores over the next 3 years, and for the acquisition of a new corporate office through a wholly owned subsidiary. In terms of Clause 43 of the Listing Agreement the information required therein is furnished below:


		Particulars of Utilisation of funds for the quarter ended 31/06/05		Actual utilisation of funds (Rs.)	Projected utilisation of funds (Rs.)
		1. Amount invested in wholly owned subsidiary company for acquisition of shirt manufacturing facility in Dubai U.A.E. through its subsidiary		Rs. 19,01,93,075	For Sr. no. 1, 2 & 3 Rs. 30 Crores. (Refer note no. 7 above)
		2.Amount invested in new own stores		Rs. 1,14,29,936
		3.Amount invested in Multiplex Collapsible Tubes Ltd. which inturn has acquired a part of the premises at Mumbai for new corporate office of the company		Rs. 8,97,46,971
		4.Issue expenses		Rs. 86,30,018
		Total utilisation of funds		Rs. 30,00,00,000
	8	Previous year figures have been regrouped, wherever necessary.


				BY ORDER OF THE BOARD For Zodiac Clothing Company Ltd

	Date : 27th July '05			Director
	Place : Mumbai			Director