Order received from the Hon''ble Gujarat High Court - in favour of Company, for quashing and set aside the SCN dated June 30, 2025 and Order dated December 24, 2025

October 17, 2026 BSE Limited National Stock Exchange of India Limited P J Towers, “Exchange Plaza”, Dalal Street, Bandra – Kurla Complex, Bandra East, Mumbai – 400 001 Mumbai – 400051 Scrip Code: 543416 Symbol: ZODIAC Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Ma’am, With reference to the captioned subject, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you about a significant development in respect of pending litigation/dispute disclosed earlier by the Company. The Hon’ble High Court of Gujarat at Ahmedabad, vide its judgment dated September 29, 2026 (received by the Company via email on October 17, 2026), has quashed and set aside the Show Cause Notice dated June 30, 2025, issued by the Assistant Commissioner of State Tax, Unit-5, Ahmedabad, and the consequential order dated December 24, 2025, passed in Form GST DRC-07, in relation to the alleged GST demand under Section 74 of the applicable GST legislation for the financial year 2018–19, along with applicable interest and penalties. The details, as required under Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No: SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated July 13, 2023, SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure I. Kindly take the same on your record and oblige us. Thanking You, Yours Faithfully, For Zodiac Energy Limited Divya Joshi Company Secretary & Compliance Officer Place: Ahmedabad Encl: A/a Annexure I The details, as required under Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No: SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated July 13, 2023, SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure I. Sr. Particulars Details a) Name(s) of the Authority Hon’ble High Court of Gujarat at Ahmedabad b) Nature and details of the action(s) Vide judgment dated September 29, 2026, in Special Civil taken, initiated or order(s) passed Application No. 3617 of 2026, the Hon’ble High Court of Gujarat quashed and set aside the Show Cause Notice dated June 30, 2025, issued by the Assistant Commissioner of State Tax, Unit-5, Ahmedabad, and the consequential order dated December 24, 2025, passed in Form GST DRC-07, in relation to the alleged GST demand for FY 2018–19. c) Date of receipt of direction or order, October 17, 2026, being the date on which the Company including any ad-interim or interim received the judgment via email. The judgment is dated orders, or any other communication September 29, 2026. from the authority d) Details of the violation(s) / The GST authorities alleged short payment of GST on contravention(s) committed or composite contracts for the supply and installation of solar alleged to be committed power generating systems during FY 2018–19. The proceedings concerned the application of the 70:30 ratio for the valuation of goods and services and the alleged consequential short payment of GST, along with interest and penalty. The Hon’ble High Court held that the ingredients of Section 74 of the applicable GST legislation were not attracted in the circumstances of the case and quashed the impugned notice and order. e) Impact on financial, operation or The Hon’ble High Court of Gujarat quashed and set aside the other activities of the listed entity, Show Cause Notice dated June 30, 2025 and the Order dated quantifiable in monetary terms to the December 24, 2025, in relation to the alleged GST demand extent possible for FY 2018–19. Hence, there is no impact on the financial, operational, or other activities of the Company.