Acquisition

Date: July 30, 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 Dear Sir/Madam, Sub: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the Incorporation of Wholly Owned Subsidiaries 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-1 PRIVATE LIMITED, Further the Certificate of Incorporation dated July 30, 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 Name: ZODIAC ENERGY IPP-1 PRIVATE LIMITED in brief such as size, turnover CIN: U35100GJ2026PTC181550 etc.; Nominal Share Capital: 10,00,000 Turnover: Nil (Company Incorporated on July 30, 2026) 2. Whether the acquisition would Zodiac Energy Limited is a holding company of fall within related party ZODIAC ENERGY IPP-1 PRIVATE LIMITED. transaction(s) and whether the Relation with Company: Wholly Owned Subsidiary promoter/ promoter group/ group companies have any 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 (including but not limited to, Special Purpose Vehicle (SPV) to undertake a projects disclosure of reasons for relating to solar power generation, engineering, acquisition of target entity, if its procurement and construction (EPC) activities. business is 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 Not applicable or 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 The Company has subscribed to 100% of the initial paid- price at which the shares are up share capital of ₹1,00,000 (Rupees One Lakh Only), acquired comprising 10,000 equity shares of ₹10 each, thereby making the entity a wholly owned subsidiary of the Company. 9. Percentage of shareholding / Pursuant to the aforesaid investment, the Company shall control acquired and / or number hold 100% shareholding and control of the paid-up of shares acquired share capital of ZODIAC ENERGY IPP-1 PRIVATE LIMITED 10. Brief background about the entity ZODIAC ENERGY IPP-1 PRIVATE LIMITED is acquired in terms of products/line proposed to engaged in the business of solar power of business acquired, date of generation alongside engineering, procurement and incorporation, history of last 3 construction (EPC) projects. The wholly owned years turnover, country in which subsidiary has been incorporated to support the the acquired entity has presence Company's long-term business expansion strategy, and any other significant expand its renewable energy portfolio, and strengthen its information (in brief); operational capabilities.