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Zodiac Energy Limited submitted a certificate to the BSE Limited and National Stock Exchange of India Limited under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, confirming the dematerialization of share certificates received from MUFG Intime India Private Limited, formerly Link Intime India Private Limited, the company’s Registrar and Share Transfer Agent.

Zodiac Energy Limited has incorporated a wholly-owned subsidiary, Zodiac Energy IPP-4 Private Limited, on October 6, 2026, according to a regulatory filing. The new company, with a nominal share capital of Rs 10,00,000, will operate as a Special Purpose Vehicle (SPV) to undertake solar power generation and engineering, procurement, and construction (EPC) activities, aligning with Zodiac Energy’s business expansion strategy. Zodiac Energy subscribed to 100% of the initial paid-up share capital, comprising 10,000 equity shares of Rs 10 each, making it a wholly-owned subsidiary.

Zodiac Energy Limited informed the BSE Limited and National Stock Exchange of India Limited that the trading window for dealing in securities of the company will be closed from October 1, 2026, until 48 hours after the announcement of the unaudited financial results for the quarter ended September 30, 2026.

Zodiac Energy Limited has completed the acquisition of a 63.5% majority equity stake in Zenwatt Clean Energy Private Limited for a total consideration of Rs 11,43,00,000, according to a regulatory filing. The acquisition, which was previously announced on February 9, 2026, will result in Zenwatt Clean Energy becoming a subsidiary of Zodiac Energy, and is intended to expand the company’s renewable energy portfolio and strengthen its operational capabilities. The purchase price was Rs 18 per equity share, and the transaction was undertaken on an arm’s length basis with interest from the promoter and members of the promoter group.

Zodiac Energy Limited has acquired 98% ownership in eight Limited Liability Partnerships, Gopala, Narayana, Maatangi, Krishnapriya, Narayani, Sumitra, Ganesh, and Lakshmi Solar Projects LLP, all engaged in solar power plant development and electricity generation. Each LLP has a capital contribution of Rs. 20,000, and Zodiac Energy’s acquisition cost was Rs. 19,600 per LLP, valuing each entity at approximately Rs. 20,000. Notably, all eight LLPs, incorporated between December 2020 and January 2021, have reported zero turnover for the past three fiscal years. The acquisition, considered a related party transaction, was conducted in compliance with applicable laws and required no governmental approvals, and the LLPs are now subsidiaries of Zodiac Energy. The lack of business activity over the three-year period raises questions regarding the strategic rationale and valuation of the acquisition.