Business Update10 Mar 2025, 11:56 pm
Zodiac Energy Ltd to Close Nadiad and Rajkot Branches, Reducing Fixed Operational Costs
AI Summary
Zodiac Energy Ltd has announced the closure of its Nadiad Branch situated at First Floor, A1-7, Virgo Complex, Santram Road, Nadiad, Gujarat-387001 and Rajkot Branch Situated at 209 -City Shops, Opp.-Malabar Gold & Diamonds, Dr. Yagnik Road, Rajkot, Gujarat - 360001. The closure will take effect from March 10, 2025, after business hours. This decision is part of the company's strategy to reduce its fixed operational costs. Despite the closure, the company will continue to serve its sales and services through its Resident Engineers based at Rajkot and Nadiad respectively. The company assures that this closure does not have any material and adverse impact on its operation.
Key Highlights
- Zodiac Energy Ltd is closing its Nadiad and Rajkot branches
- The closure is due to the company's strategy to reduce fixed operational costs
- The company will continue to serve its sales and services through its Resident Engineers based at Rajkot and Nadiad
- The closure will take effect from March 10, 2025, after business hours
- The closure does not have any material and adverse impact on the company's operation