Acquisition

August 13, 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 (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) - Acquisition of Majority Stake and Increase in Holding in 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 regarding the acquisition of majority stake and increase in holding in LLPs, as under; 1. Acquisition of LLPs: • Umaputra Solar Projects LLP (AAV-2372): The Company has acquired a majority stake of 98% ownership interest in the aforesaid LLP through direct capital contribution. and has been admitted as a partner in LLP, Accordingly, Umaputra Solar Projects LLP has become Subsidiary of our Company with effect from August 13, 2026. • Kripalu Solar Projects LLP (AAV-2240): The Company has acquired a majority stake of 98% ownership interest in the aforesaid LLP through direct capital contribution. and has been admitted as a partner in LLP, Accordingly, Kripalu Solar Projects LLP has become Subsidiary of our Company with effect from August 13, 2026. 2. Increase in Holding: • Harikrishna Solar Projects LLP(AAU-6562): The Company has increased its stake in Harikrishna Solar Projects LLP by 83%, thereby enhancing its total contribution/holding from 15% to 98%, with effect from August 13, 2026. • Govind Solar Projects LLP (AAU-6554): The Company has increased its stake in Govind Solar Projects LLP by 83%, thereby enhancing its total contribution/holding from 15% to 98%, with effect from August 13, 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 and Annexure- II. Kindly take this on your records. Thanking You. Yours faithfully, For, Zodiac Energy Limited Divya Joshi Company Secretary & Compliance Officer 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. No. Particulars Disclosure for LLP-1 Disclosure for LLP-2 1. Name of the target entity, Umaputra Solar Projects LLP Kripalu 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 sell electricity through solar energy and sell the Solar power. 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 the would fall within related Promoter Group are interested in the Promoter Group are interested in the party transaction(s) and acquisition, as the Company is acquiring acquisition, as the Company is acquiring whether the promoter / 98% stake in the aforementioned LLP. 98% stake in the aforementioned LLP. promoter group / group companies have any interest The transaction is being carried out on The transaction is being carried out on in the entity being an arm’s length basis, in accordance an arm’s length basis, in accordance incorporated? If yes, nature of with applicable laws. with applicable laws. interest and details thereof 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 The object of the LLP is in line with the acquisition (including but not object of the company. The said 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 A sum of Rs. 19,600 (Rupees Nineteen A sum of Rs. 19,600 (Rupees Nineteen price at which the shares are Thousand Six Hundred only) as its Thousand Six Hundred only) as its acquired contribution out of the total Capital of contribution out of the total Capital of Rs. 20,000 of the LLP. Rs. 20,000 of the LLP. 9. Percentage of shareholding / The company acquiring 98% stake, in The company acquiring 98% stake, in control acquired and / or accordance with terms and condition as accordance with terms and condition as number of shares acquired specified in the LLP Agreement. specified in the LLP Agreement. Subsequently, Umaputra Solar Projects Subsequently, Kripalu Solar Projects LLP has become subsidiary of our LLP has become subsidiary of our Company. Company. 10. Brief background about the Umaputra Solar Projects LLP was Kripalu Solar Projects LLP was entity acquired in terms of incorporated on December 24, 2020, and incorporated on December 23, 2020, and products/line of business currently engaged in the business of currently engaged in the business of acquired, date of setting up the solar power plants, setting up the solar power plants, incorporation, history of last produce electricity through solar energy produce electricity through solar energy 3 years turnover, country in and sell the Solar power. 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 has Country in which the acquired entity has presence: India presence: India Annexure- II Further Details with respect to said Acquisition- (Increase in Holding) 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. No. Particulars of Disclosure Disclosure for LLP-3 Disclosure for LLP-4 1. Name of the target entity, details Harikrishna Solar Projects LLP Govind Solar Projects LLP 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 sell electricity through solar energy and sell the Solar power. 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 would Yes, the Promoter and members of the Yes, the Promoter and members of the fall within related party Promoter Group are interested in the Promoter Group are interested in the transaction(s) and whether the acquisition, as the Company is acquisition, as the Company is promoter / promoter group / acquiring a majority stake in the acquiring a majority stake in the group companies have any aforementioned LLPs. aforementioned LLPs. interest in the entity being incorporated? If yes, nature of The transaction is being carr [Showing first 8,000 characters — download PDF for full document]