Acquisition

September 16, 2026 BSE Limited National Stock Exchange of India Limited P J Towers, "Exchange Plaza", Bandra - Kurla Complex, Dalal Street, Bandra East, Mumbai - 400001 Mumbai - 400051 Scrip Code: 543416 Symbol: ZODIAC Dear Sir/Ma’am, Sub: Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 (“SEBI Listing Regulations”) - Acquisition of majority stake in Limited Liability Partnership (LLPs) Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby inform you that Zodiac Energy Limited (the “Company”) has acquired a majority stake of 98% ownership interest in the below mentioned Limited Liability Partnerships (“LLPs”) through direct capital contribution and has been admitted as a partner therein. The Company shall act through its authorised representative as the Designated Partner of the LLPs. 1. Girdhari Solar Projects LLP 2. Parvati Solar Projects LLP 3. Indranuj Solar Projects LLP 4. Ridhika Solar Projects LLP 5. Maatangi Solar Projects LLP 6. Krishnapriya Solar Projects LLP 7. Narayani Solar Projects LLP 8. Sumitra Solar Projects LLP Accordingly, above LLPs have become Subsidiary of our Company with effect from September 16, 2026. Further Details with respect to said Acquisition as required under regulation 30 of listing regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure- I. Kindly take this on your records. Thanking You. Yours faithfully, For, Zodiac Energy Limited Divya Joshi Company Secretary & Compliance Officer Place: Ahmedabad Encl: A/a Annexure- I Further Details with respect to said Acquisition as required under regulation 30 of listing regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are given as under: Sr. Particulars LLP-1 LLP-2 1. Name of the target entity, Girdhari Solar Projects LLP Parvati Solar Projects LLP details in brief such as size, turnover etc. The said LLP is engaged in setting up The said LLP is engaged in setting up the solar power plants, produce the solar power plants, produce electricity through solar energy and electricity through solar energy and sell the Solar power. sell the Solar power. Total Contribution: Rs. 20,000 Total Contribution: Rs. 20,000 (Rupees Twenty Thousand Only) (Rupees Twenty Thousand Only) Turnover: Nil Turnover: Nil 2. Whether the acquisition Yes. The Promoter and members of Yes. The Promoter and members of would fall within related the Promoter Group are interested in the Promoter Group are interested in party transaction(s) and the acquisition, as the Company is the acquisition, as the Company is whether the promoter / acquiring 98% ownership interest in acquiring 98% ownership interest in promoter group / group the aforementioned LLP. the aforementioned LLP. companies have any interest in the entity being The transaction is being undertaken The transaction is being undertaken incorporated? If yes, nature on an arm’s length basis and in on an arm’s length basis and in of interest and details thereof accordance with applicable laws. accordance with applicable laws. and whether the same is done at “arm’s length.” 3. Industry to which the entity Solar Power Plants & Energy Solar Power Plants & Energy being acquired belongs 4. Objects and impact of The object of the LLP is in line with The object of the LLP is in line with acquisition (including but not the object of the company. The said the object of the company. The said limited to, disclosure of acquisition would result in further acquisition would result in further reasons for acquisition of expansion of the business of our expansion of the business of our target entity, if its business is Company. Company. outside the main line of business of the listed entity) 5. Brief details of any NA NA governmental or regulatory approvals required for the acquisition 6. Indicative time period for The Acquisition process has been The Acquisition process has been completion of the acquisition completed. completed. 7. Nature of consideration - Cash consideration Cash consideration whether cash consideration or share swap or any other form and details of the same 8. Cost of acquisition or the The Company has acquired 98% The Company has acquired 98% price at which the shares are ownership interest in the LLP for a ownership interest in the LLP for a acquired consideration of Rs. 19,600 (Rupees consideration of Rs. 19,600 (Rupees Nineteen Thousand Six Hundred Nineteen Thousand Six Hundred only), representing its contribution only), representing its contribution towards the total capital of Rs. towards the total capital of Rs. 20,000 of the LLP. 20,000 of the LLP. 9. Percentage of shareholding / The Company has acquired 98% The Company has acquired 98% control acquired and / or ownership interest in the LLP in ownership interest in the LLP in number of shares acquired accordance with the terms and accordance with the terms and conditions specified in the LLP conditions specified in the LLP Agreement. Consequent to the Agreement. Consequent to the acquisition, Girdhari Solar Projects acquisition, Parvati Solar Projects LLP has become a subsidiary of the LLP has become a subsidiary of the Company. Company. 10. Brief background about the Girdhari Solar Projects LLP was Parvati Solar Projects LLP was entity acquired in terms of incorporated on November 12, 2020 incorporated on January 01, 2021 and products/line of business and currently engaged in the business currently engaged in the business of acquired, date of of setting up the solar power plants, setting up the solar power plants, incorporation, history of last produce electricity through solar produce electricity through solar 3 years turnover, country in energy and sell the Solar power. energy and sell the Solar power. which the acquired entity has presence and any other Last 3 Years Turnover: Last 3 Years Turnover: significant information (in FY 2025-26: Nil FY 2025-26: Nil brief) FY 2024-25: Nil FY 2024-25: Nil FY 2023-24: Nil FY 2023-24: Nil Country in which the acquired entity Country in which the acquired entity has presence: India has presence: India Sr. Particulars LLP-3 LLP-4 1. N ame of the target entity, Indranuj Solar Projects LLP Ridhika Solar Projects LLP details in brief such as size, turnover etc. The said LLP is engaged in setting up The said LLP is engaged in setting the solar power plants, produce up the solar power plants, produce electricity through solar energy and electricity through solar energy and sell the Solar power. sell the Solar power. Total Contribution: Rs. 20,000 Total Contribution: Rs. 20,000 (Rupees Twenty Thousand Only) (Rupees Twenty Thousand Only) Turnover: Nil Turnover: Nil 2. Whether the acquisition Yes. The Promoter and members of the Yes. The Promoter and members of would fall within related Promoter Group are interested in the the Promoter Group are interested in party transaction(s) and acquisition, as the Company is the acquisition, as the Company is whether the promoter / acquiring 98% ownership interest in acquiring 98% ownership interest in promoter group / group the aforementioned LLP. the aforementioned LLP. companies have any interest in the entity being The transaction is being undertaken on The transaction is being undertaken incorporated? If yes, an arm’s length basis and in on an arm’s length basis and in nature of interest and accordance with applicable laws. accordance with applicable laws. details thereof and whether the same is done at “arm’s length.” 3. Industry to which the Solar Power Plants & Energy Solar Power Plants & Energy entity being acquired belongs 4. Objects and impact of The object of the LLP is in line with The object of the LLP is in line with acquisition (including but the object of the company. The said the object of the company. The said not limited to, disclosure a [Showing first 8,000 characters — download PDF for full document]