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Zodiac Energy Limited has incorporated a wholly-owned subsidiary, Zodiac Energy IPP-2 Private Limited, with a nominal share capital of Rs 10,00,000, according to a regulatory filing on August 25, 2026. The new company, registered in Gujarat, will operate as a Special Purpose Vehicle (SPV) for 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 subsidiary’s initial paid-up share capital, comprising 10,000 equity shares of Rs 10 each.

Zodiac Energy Limited announced it has acquired a majority stake of 98% in Umaputra Solar Projects LLP and Kripalu Solar Projects LLP, both incorporated in 2020, and increased its stake in Harikrishna Solar Projects LLP and Govind Solar Projects LLP to 98% from 15%, effective August 13, 2026, through capital contributions of Rs 19,600 each. The acquisitions, which were carried out on an arm’s length basis, will result in further expansion of Zodiac Energy’s business and the LLPs have become subsidiaries of the company.

Zodiac Energy will hold a meeting of the Board of Directors of the Company on 13 August 2026.

Zodiac Energy announced that the Board of Directors of the Company at its meeting held on 25 May 2026, inter alia, have recommended the final dividend of Rs 0.75 per equity Share (i.e. 7.5%) , subject to the approval of the shareholders.

Net profit of Zodiac Energy rose 12.61% to Rs 10.63 crore in the quarter ended March 2026 as against Rs 9.44 crore during the previous quarter ended March 2025. Sales rose 23.22% to Rs 211.12 crore in the quarter ended March 2026 as against Rs 171.34 crore during the previous quarter ended March 2025.For the full year,net profit rose 5.51% to Rs 21.07 crore in the year ended March 2026 as against Rs 19.97 crore during the previous year ended March 2025. Sales rose 33.29% to Rs 543.52 crore in the year ended March 2026 as against Rs 407.78 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales211.12171.34 23 543.52407.78 33 OPM %10.4410.28 -10.269.08 - PBDT17.5414.67 20 38.9330.22 29 PBT14.9112.95 15 28.9827.53 5 NP10.639.44 13 21.0719.97 6 Powered by Capital Market - Live News