Date: August 13, 2026

Acquisition Details

Target Entities:

  • Umaputra Solar Projects LLP (AAV-2372)
  • Kripalu Solar Projects LLP (AAV-2240)
  • Harikrishna Solar Projects LLP (AAU-6562)
  • Govind Solar Projects LLP (AAU-6554)

Type of Deal: Acquisition of majority stakes (98%) in four Limited Liability Partnerships (LLPs)

Stake/Capacity:

  • For Umaputra Solar Projects LLP: Acquired 98% ownership interest
  • For Kripalu Solar Projects LLP: Acquired 98% ownership interest
  • For Harikrishna Solar Projects LLP: Increased stake from 15% to 98% (83% increase)
  • For Govind Solar Projects LLP: Increased stake from 15% to 98% (83% increase)

Deal Value:

  • Umaputra Solar Projects LLP: Cash consideration of ₹19,600 out of total capital of ₹20,000
  • Kripalu Solar Projects LLP: Cash consideration of ₹19,600 out of total capital of ₹20,000
  • Harikrishna Solar Projects LLP: Cash consideration of ₹19,600 out of total capital of ₹20,000
  • Govind Solar Projects LLP: Cash consideration of ₹19,600 out of total capital of ₹20,000

Funding Source: Cash consideration (internal accruals)

Financial Impact:

All four LLPs have shown nil turnover for the last three financial years (FY 2023-24, 2024-25, and 2025-26). The total capital contribution for each LLP is ₹20,000. The acquisitions are not expected to provide immediate revenue contribution but are strategic for future expansion.

Timeline: The acquisition process has been completed as of August 13, 2026.

Strategic Rationale:

The acquisitions are aimed at business expansion in solar power generation, specifically in setting up solar power plants, producing electricity through solar energy, and selling solar power. The object of the LLPs aligns with the company's core business objectives, supporting further expansion of Zodiac Energy's operations.

Approval Status: Completed and effective from August 13, 2026. No governmental or regulatory approvals were required for these acquisitions.

Related Party Aspects:

The transactions qualify as related party transactions as the promoter and members of the promoter group are interested in the acquisition. However, the company confirms that all transactions were carried out on an arm's length basis in accordance with applicable laws.

Background of Acquired Entities:

  • Umaputra Solar Projects LLP: Incorporated December 24, 2020
  • Kripalu Solar Projects LLP: Incorporated December 23, 2020
  • Harikrishna Solar Projects LLP: Incorporated November 11, 2020
  • Govind Solar Projects LLP: Incorporated November 11, 2020

All four entities are engaged in setting up solar power plants, producing electricity through solar energy, and selling solar power. All operate exclusively in India.

Reference Regulation: SEBI Regulation 30 of 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.