Nature of Update
Zodiac Energy Limited has incorporated a wholly-owned subsidiary company named ZODIAC ENERGY IPP-3 PRIVATE LIMITED through its Authorized Representative, Mr. Kunjbihari Shah.
Subsidiary Details
- Name: ZODIAC ENERGY IPP-3 PRIVATE LIMITED
- Date of Incorporation: September 14, 2026
- Nominal Share Capital: ₹10,00,000
- Turnover: Nil (newly incorporated company)
- Industry: Solar Power Plants & Energy
Investment Structure
- Consideration Type: Cash consideration
- Investment Amount: ₹1,00,000 (Rupees One Lakh Only)
- Shareholding: 100% ownership by Zodiac Energy Limited
- Shares Acquired: 10,000 equity shares of ₹10 each
- Relationship: Wholly Owned Subsidiary
Business Purpose and Strategic Rationale
The subsidiary has been incorporated as a Special Purpose Vehicle (SPV) to:
- Undertake projects relating to solar power generation
- Conduct engineering, procurement and construction (EPC) activities
- Support the Company's long-term business expansion strategy
- Expand the company's renewable energy portfolio
- Strengthen operational capabilities
- Facilitate execution of solar power generation and EPC projects
Additional Information
- No governmental or regulatory approvals required for the incorporation
- Not a related party transaction
- No promoter/promoter group/group companies have any interest in the entity
- The transaction is at arm's length