Nature of the Event

Zodiac Energy Limited conducted its 34th Annual General Meeting (AGM) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Figures

  • Final dividend declared: ₹0.75 per equity share of face value ₹10 each (7.5% of face value) for financial year ended March 31, 2026

Parties Involved

Directors and Key Managerial Personnel Present:

  • Mr. Kunjbihari Shah, Managing Director (Chairman)
  • Ms. Parul Shah, Whole Time Director
  • Mr. Dhaval Shah, Non-Executive Director
  • Mr. Kalpesh Joshi, Independent Director
  • Mr. Ambar Jayantilal Patel, Independent Director
  • Mr. Jaimin Shah, Independent Director
  • Ms. Shefali Karar, Chief Financial Officer
  • Ms. Divya Joshi, Company Secretary and Compliance Officer

Other Attendees:

  • Authorized Representatives of Statutory Auditors: M/s. NPKU & Associates
  • Secretarial Auditors and Scrutinizer: M/s SCS & Co LLP

Meeting Proceedings

The AGM was conducted through two-way video conference via Microsoft Teams platform in compliance with provisions of the Companies Act, 2013 and relevant circulars from MCA and SEBI.

Key Proceedings:

  • The requisite quorum was present
  • E-voting platform remained open during the meeting and for 15 minutes after conclusion
  • Chairman Mr. Kunjbihari Shah addressed shareholders with an overview of:
  • Company performance during FY 2025-26
  • Transformation into an Integrated Energy Company
  • Expansion of IPP Business
  • Entry into Energy Storage & Transmission
  • Objectives for coming years
  • Notice of AGM, Board Report, and Accounts for FY ended March 31, 2026 were taken as read
  • Secretarial Audit Report for FY ending March 31, 2026 contained qualification which was read along with management clarifications
  • Statutory Auditor's Report for FY 2025-26 contained no qualifications or observations

Resolutions Considered

Five resolutions were taken as read with permission of shareholders:

Ordinary Business:

1. Adoption of audited standalone financial statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors (Ordinary Resolution)

2. Adoption of audited consolidated financial statements for FY ended March 31, 2026 with report of Auditors (Ordinary Resolution)

3. Declaration of final dividend of ₹0.75 per equity share (7.5% of face value) for FY ended March 31, 2026 (Ordinary Resolution)

4. Re-appointment of Mrs. Parul Kunjbihari Shah (DIN: 00378095) as Whole Time Director (Ordinary Resolution)

Special Business:

5. Alteration of Articles of Association for provision relating to removal of common seal (Special Resolution)

Voting and Results

  • Scrutinizer (M/s SCS & Co LLP) appointed to scrutinize votes cast during meeting and through remote e-voting platform of NSDL
  • Results to be declared after receiving Scrutinizer report within 2 working days after meeting
  • Results will be available on company website

Additional Information

  • Register of Directors' and Key Managerial Personnel, Register of Contracts and other documents referred to in Notice available for inspection in electronic form
  • Recording of AGM available on company website: www.zodiacenergy.com
  • No questions were raised by registered speaker shareholders during the meeting