Acquisition

Date: October 06, 2026 BSE Limited National Stock Exchange of India Limited P J Towers, Exchange Plaza, Bandra – Kurla Complex, Dalal Street, Bandra East, Mumbai – 400 001 Mumbai – 400051 Scrip Code: 543416 Symbol: ZODIAC Sub: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the Incorporation of Wholly Owned Subsidiaries Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Zodiac Energy Limited (“the Company”) has incorporated a wholly-owned subsidiary through its Authorized Representative, Mr. Kunjbihari Shah. The newly incorporated company is under the name, “ZODIAC ENERGY IPP-4 PRIVATE LIMITED. Further the Certificate of Incorporation dated October 06, 2026 has been issued by the Registrar of Companies, Ministry of Corporate Affairs. The details, as required pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure I. You are kindly requested to take the same on record. Thanking you. Yours Faithfully, For, Zodiac Energy Limited Divya Joshi Company Secretary & Compliance Officer Place: Ahmedabad Annexure- I The Details in respect to Incorporation of Wholly Owned Subsidiaries in India, as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, 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. No. Particulars Details 1. Name of the target entity, details in Name: ZODIAC ENERGY IPP-4 PRIVATE LIMITED brief such as size, turnover etc.; CIN: U35100GJ2026PTC184717 Nominal Share Capital: ₹10,00,000 Turnover: Nil (Company Incorporated on October 06, 2026) 2. Whether the acquisition would fall Zodiac Energy Limited is a holding company of ZODIAC within related party transaction(s) ENERGY IPP-4 PRIVATE LIMITED. and whether the promoter/ promoter group/ group companies have any Relation with Company: Wholly Owned Subsidiary interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; 3. Industry to which the entity being Solar Power Plants & Energy incorporated belongs; 4. Objects and impact of acquisition The wholly owned subsidiary has been incorporated as a Special (including but not limited to, Purpose Vehicle (SPV) to undertake a projects relating to solar disclosure of reasons for acquisition power generation, engineering, procurement and construction of target entity, if its business is (EPC) activities. outside the main line of business of the listed entity); The incorporation of the wholly owned subsidiary is in line with the Company's business expansion strategy and is expected to strengthen its operational capabilities while facilitating the execution of solar power generation and EPC projects. 5. Brief details of any governmental or Not applicable regulatory approvals required for the acquisition; 6. Indicative time period for Not applicable completion of the acquisition 7. Consideration - whether cash Cash Consideration consideration or share swap or any other form and details of the same; 8. Cost of acquisition and/or the price The Company has subscribed to 100% of the initial paid-up at which the shares are acquired share capital of ₹1,00,000 (Rupees One Lakh Only), comprising 10,000 equity shares of ₹10 each, thereby making the entity a wholly owned subsidiary of the Company. 9. Percentage of shareholding / control Pursuant to the aforesaid investment, the Company shall hold acquired and / or number of shares 100% shareholding and control of the paid-up share capital of acquired ZODIAC ENERGY IPP-4 PRIVATE LIMITED 10. Brief background about the entity ZODIAC ENERGY IPP-4 PRIVATE LIMITED is proposed to acquired in terms of products/line of engaged in the business of solar power generation alongside business acquired, date of engineering, procurement and construction (EPC) projects. The incorporation, history of last 3 years wholly owned subsidiary has been incorporated to support the turnover, country in which the Company's long-term business expansion strategy, expand its acquired entity has presence and any renewable energy portfolio, and strengthen its operational other significant information (in capabilities. brief);