Zodiac Energy Ltd

Zodiac Energy Limited announced it has received purchase orders from four domestic entities in Gujarat for a total solar power project capacity of 24,760 kWp. The orders, expected to bolster the company's renewable energy presence and contribute to revenues during project execution, involve the supply, installation, and commissioning of ground-mounted solar power plants with capacities ranging from 4,235 kWp to 5,405 kWp (DC). The project completion timeframe is six months from the receipt of advance payments, and the transaction falls under related party transactions conducted at arm’s length. The company has withheld the names of the entities awarding the orders due to confidentiality agreements.

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.

Zodiac Energy Limited has incorporated a wholly-owned subsidiary, ZODIAC ENERGY IPP-3 PRIVATE LIMITED, with a nominal share capital of Rs 10,00,000, according to a regulatory filing on September 15, 2026. The new company, incorporated on September 14, 2026, 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 Limited subscribed to 100% of the subsidiary’s initial paid-up share capital, comprising 10,000 equity shares of Rs 10 each.

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 received a purchase order from a domestic entity based in Uttar Pradesh for a ground-mounted solar PV power plant project of 2500 Kwp, with an approximate execution deadline of December 31, 2026. The order, the size of which is stated as 2500 Kwp, is expected to bolster the company’s presence in the renewable energy sector and contribute to its revenues, with the company noting that the entity's name is being withheld due to confidentiality obligations.

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 Limited will hold a board meeting on Thursday, August 13, 2026, to consider and approve the Unaudited Financial Results for the quarter ended June 30, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. The company’s trading window has been closed since July 1, 2026, and will remain so until 48 hours after the financial results are declared.

Zodiac Energy Ltd. is currently trading at Rs 251.65, up 4.99%, while its value has increased 0.16% over the last one week. Zodiac Energy Limited announced it has received a purchase order from a domestic entity based in Gujarat for a ground-mounted solar PV power plant project, valued at approximately Rs 7,12,20,600, excluding operation and maintenance (O&M) charges. The order, for a 2000 Kwp solar power system, is expected to be executed by December 31, 2026, and will strengthen the company’s position in the renewable energy sector while contributing to its revenues. Zodiac Energy Limited chose not to disclose the name of the entity awarding the order due to confidentiality obligations. Trading volume reached 13624 shares today, a surge of 68.53% compared to the average volume over the last one week. Zodiac Energy Ltd plunged by 44.00% year-over-year, underperforming the 1.55% loss recorded by the NIFTY50 index.

Zodiac Energy Limited has incorporated a wholly-owned subsidiary, Zodiac Energy IPP-1 Private Limited, on July 30, 2026, according to a regulatory filing. The new company, incorporated in Ahmedabad, has a nominal share capital of Rs 100,000 and will be engaged in solar power generation and engineering, procurement, and construction (EPC) activities as a Special Purpose Vehicle, 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, making it a wholly-owned subsidiary.

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.