Zodiac Energy Incorporates Wholly-Owned Subsidiary IPP-4

Date: October 06, 2026

Nature of Update

Zodiac Energy Limited has incorporated a new wholly-owned subsidiary company named ZODIAC ENERGY IPP-4 PRIVATE LIMITED.

Key Operational or Strategic Points

• The 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
• It is expected to strengthen the company's operational capabilities
• The subsidiary will facilitate the execution of solar power generation and EPC projects
• The move supports the expansion of the company's renewable energy portfolio

Material Financial Impact

• The Company has subscribed to 100% of the initial paid-up share capital of ₹1,00,000 (Rupees One Lakh Only)
• This comprises 10,000 equity shares of ₹10 each
• The consideration was in cash
• The nominal share capital of the subsidiary is ₹10,00,000
• The subsidiary has no turnover as it was just incorporated on October 06, 2026