Nature of Update
Zodiac Energy Limited has incorporated a wholly-owned subsidiary through its Authorized Representative, Mr. Kunjbihari Shah.
Target Entity
Name: ZODIAC ENERGY IPP-1 PRIVATE LIMITED
Nominal Share Capital: ₹10,00,000
Turnover: Nil (Company Incorporated on July 30, 2026)
Type of Deal
Incorporation of a Wholly Owned Subsidiary
Stake/Capacity
100% ownership through subscription to 100% of the initial paid-up share capital comprising 10,000 equity shares of ₹10 each.
Deal Value
₹1,00,000 (Rupees One Lakh Only) in cash consideration.
Industry Classification
Solar Power Plants & Energy
Strategic Rationale
The wholly owned subsidiary has been incorporated as a Special Purpose Vehicle (SPV) to undertake projects relating to solar power generation, engineering, procurement and construction (EPC) activities. The incorporation 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. The subsidiary will support the Company's long-term business expansion strategy, expand its renewable energy portfolio, and strengthen its operational capabilities.
Approval Status
Incorporation completed. Certificate of Incorporation dated July 30, 2026 has been issued by the Registrar of Companies, Ministry of Corporate Affairs.
Regulatory Approvals
No governmental or regulatory approvals required for the acquisition (as stated in the disclosure).
Timeline
Not applicable for completion of acquisition (as the subsidiary has already been incorporated).
Reference Regulation
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Regulation 30
SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026