StockWatch
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Civil Construction
Board Meeting13 Aug 2026, 05:43 pm

Zodiac Energy Approves Financial Results, Acquisitions, and Dividend

AI Summary

Zodiac Energy Ltd's Board of Directors met on August 13, 2026, approving the Unaudited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026. The board also approved the alteration of Articles of Association to remove provisions for a common seal, subject to member approval. Significant acquisitions were greenlit, including a 98% stake in Umaputra Solar Projects LLP and Kripalu Solar Projects LLP, and an increase in stake in Govind Solar Projects LLP and Harikrishna Solar Projects LLP to 98%. The company also announced a final dividend of ₹0.75 per equity share for FY26, with a record date of September 16, 2026. The 34th Annual General Meeting is scheduled for September 23, 2026.

Key Highlights

  • Approved Q1 FY27 Unaudited Financial Results.
  • Approved acquisition of 98% stake in two solar projects.
  • Increased stake in two other solar projects to 98%.
  • Declared a final dividend of ₹0.75 per share for FY26.
  • 34th AGM scheduled for September 23, 2026.