Key Details of Subsidiary Incorporation
Subsidiary Information:
- Name: ZODIAC ENERGY IPP-2 PRIVATE LIMITED
- Date of Incorporation: August 25, 2026
- Nominal Share Capital: ₹10,00,000
- Current Turnover: Nil (newly incorporated company)
Investment Details:
- The Company subscribed to 100% of the initial paid-up share capital
- Total Investment: ₹1,00,000 (Rupees One Lakh Only)
- Share Structure: 10,000 equity shares of ₹10 each
- Consideration Type: Cash Consideration
- Resulting Shareholding: 100% ownership and control by Zodiac Energy Limited
Business Purpose and Impact:
- The subsidiary has been incorporated as a Special Purpose Vehicle (SPV)
- Industry: Solar Power Plants & Energy
- Business Activities: Solar power generation, engineering, procurement and construction (EPC) activities
- Strategic Rationale: In line with the Company's business expansion strategy to strengthen operational capabilities and facilitate execution of solar power generation and EPC projects
Regulatory Compliance:
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- No governmental or regulatory approvals required for the acquisition
- Not a related party transaction
Additional Information:
- Incorporated through Authorized Representative Mr. Kunjbihari Shah
- Certificate of Incorporation issued by the Registrar of Companies, Ministry of Corporate Affairs
- The disclosure was signed by Divya Joshi, Company Secretary & Compliance Officer