Zodiac Energy Ltd

Zodiac Energy Ltd has received four domestic Purchase Orders (PO) from entities in Gujarat, totaling an aggregate capacity of 24,760 KWp. These orders are for the execution of grid-interactive ground-mounted Solar PV Power Plants, involving supply, installation, and commissioning. The projects include capacities of 9,640 kWp, 5,405 kWp, 5,405 kWp, and 4,310 kWp respectively. The company expects to execute these orders within six months from the date of receipt of advance/documents/purchase order. The company noted that the promoter/promoter group has an interest in the entities awarding the orders, classifying them as related party transactions conducted at arm's length. This is expected to strengthen the company’s presence in the renewable energy sector and contribute to its revenues.

Zodiac Energy Limited has filed a disclosure under SEBI's Takeover Regulations regarding a gift of 15,000 equity shares. Mrs. Parul Kunjbihari Shah, a Promoter Group member, received these shares from her father-in-law, Mr. Jugalkishor Harikrishnadas Shah, on September 15, 2026. This transaction represents a minor shift within the promoter group's holdings and does not alter the overall substantial shareholding. The disclosure details the shareholding before and after the gift, confirming the transaction's compliance with regulatory requirements.

Jugalkishor Harikrishnadas Shah, a promoter of Zodiac Energy Limited, has transferred 6,40,233 equity shares to his son, Kunjbihari Jugalkishor Shah, and daughter-in-law, Parul Kunjbihari Shah, via gift. The shares, each with a face value of ₹10, were transferred on September 15, 2026. Kunjbihari received 6,25,233 shares, while Parul received 15,000 shares. This disclosure is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The transaction involves a promoter group entity gifting shares, impacting their individual shareholding but not the overall promoter group's stake significantly.

Kunjbihari Jugalkishor Shah, a promoter of Zodiac Energy Limited, has disclosed the receipt of 6,25,233 equity shares via a gift from his father, Mr. Jugalkishor Harikrishnadas Shah. This transaction, which occurred on September 15, 2026, involved shares with a face value of Rs. 10 each. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following this gift, Kunjbihari Jugalkishor Shah's total shareholding, including those acquired by gift, stands at 10,581,479 shares, representing 69.83% of the total diluted capital. The filing also lists numerous other PACs and entities associated with the promoter group.

Zodiac Energy Limited has acquired a majority stake of 98% in eight Limited Liability Partnerships (LLPs) engaged in setting up solar power plants. The LLPs, including Girdhari Solar Projects LLP and Parvati Solar Projects LLP, have become subsidiaries of Zodiac Energy, effective September 16, 2026. The acquisition was made through direct capital contribution for a total consideration of Rs. 19,600. The company stated that the LLPs' objectives align with its own, and this move will further expand its business operations. The transactions were conducted on an arm's length basis, despite promoter group interest.

Zodiac Energy Limited has incorporated a new wholly-owned subsidiary, "ZODIAC ENERGY IPP-3 PRIVATE LIMITED", on September 14, 2026. This subsidiary, with a nominal share capital of ₹10,00,000 and an initial paid-up capital of ₹1,00,000, will function as a Special Purpose Vehicle (SPV). Its primary objectives include undertaking projects related to solar power generation and engineering, procurement, and construction (EPC) activities. This move aligns with Zodiac Energy's business expansion strategy, aiming to enhance operational capabilities and strengthen its renewable energy portfolio.

Zodiac Energy Ltd has been recognized at the Global Solar Expo 2026 in Ahmedabad, organized by EQ International. The company secured awards in three significant categories: Solar Developer of the Year for KUSUM / DREEP Projects, Best Performing KUSUM Projects for the State of Gujarat, and Tech & Business Model Innovation of the Year for its RE + BESS – Onsite Power / Energy as a Service (PAAS / EAAS) offering. These accolades highlight the company's strong performance and innovation in the solar energy sector.

Zodiac Energy Ltd has announced its 34th Annual General Meeting (AGM) will be held on Wednesday, September 23, 2026, at 11:30 A.M. IST via Video Conferencing (VC) / Another Audio-Visual Means (OAVM). The company has also provided a web-link to its Annual Report for the Financial Year 2025-26 for shareholders who have not registered their email addresses. The report details include e-voting information, with a cut-off date of September 16, 2026, and e-voting period from September 20 to September 22, 2026. Shareholders are urged to update their KYC details for seamless communication.

Zodiac Energy Limited announced its Annual Report for FY 2025-26, detailing a significant transformation from a solar EPC company to an integrated energy company. The company reported a revenue of ₹543.52 crore, a 33.30% increase year-on-year. EBITDA grew by 49% to ₹57.98 crore, and Profit After Tax stood at ₹21.07 crore, with Earnings Per Share at ₹13.94. The company is expanding its Independent Power Producer (IPP) business, aiming for approximately 400 MW by FY 2028-29. The 34th Annual General Meeting (AGM) is scheduled for September 23, 2026, to be held via Video Conferencing. Key dates for dividend entitlement and e-voting have also been announced.

Zodiac Energy Limited has announced its 34th Annual General Meeting (AGM) will be held on Wednesday, September 23, 2026, at 11:30 a.m. IST via Video Conferencing (VC)/ Other Audio-Visual Means (OAVM). The meeting will cover the adoption of audited financial statements for FY 25-26, declaration of a final dividend of ₹0.75 per equity share, and the re-appointment of Mrs. Parul Kunjbihari Shah as Whole Time Director. The cut-off date for determining members eligible for the AGM notice and integrated report is August 21, 2026. E-voting will commence on September 20, 2026, and conclude on September 22, 2026.