zodiac energy has appointed Mr. Suraj Dhruv as Business Head effective June 18, 2026. The appointment strengthens the company's senior management team as it focuses on business expansion and strategy within the renewable energy ecosystem.

Mr. Dhruv brings over 13 years of experience working with leading conglomerates, government enterprises, and high-growth organizations. His expertise spans Solar-Wind Hybrid Projects, Battery Energy Storage Systems (BESS), Green Hydrogen, Open Access Power, Captive & Group Captive Models, and Renewable Energy Infrastructure development.

Prior to this role, he held leadership positions at organizations including Adani Group, Reliance Industries, Gensol Engineering (Matrix Gas & Renewables Ltd.), Gujarat State Petronet Limited (Government of Gujarat), Prozeal Green Energy Ltd., and Lubi Group. He holds a B.Tech degree and an MBA from Deakin Business School.

The appointment was disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Zodiac Energy Ltd has opened the remote e-voting period for its postal ballot process to seek shareholder approval for the re-appointment of two Independent Directors and the regularization of a Non-Executive Non-Independent Director. The voting period commenced on June 19, 2026, at 9.00 A.M. IST and will conclude on July 19, 2026, at 5.00 P.M. IST. Shareholders holding equity shares as of June 12, 2026, are entitled to vote. The Board of Directors approved the proposals on June 15, 2026, to ensure governance continuity and effective leadership. The resolutions also include an approval for the remuneration of an Associate Director, effective July 1, 2026.

Re-appointment of Independent Directors

On the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of Mr. Rakesh Arvindbhai Patel (DIN: 00373019) and Mr. Ambar Jayantilal Patel (DIN: 00050042) as Non-Executive Independent Directors. Their second term will commence on September 1, 2026, and conclude on August 31, 2031. Both directors bring extensive industry experience, with Mr. Rakesh Patel having over 25 years in the food export industry and Mr. Ambar Patel bringing 43 years of experience in the printing and gravure industry.

Regularization and Remuneration Approval

The Board approved the regularization of Mr. Dhaval Shah (DIN: 07933310) as a Non-Executive Non-Independent Director, liable to retire by rotation. This regularization follows a previous Board decision on April 23, 2026, to change his designation from Non-Executive Independent Director to Additional Non-Executive Non-Independent Director. Additionally, the company approved the remuneration for Mr. Jay Kunjbihari Shah, who will serve as Associate Director effective July 1, 2026, under Section 188 of the Companies Act, 2013. The remuneration is fixed at ₹5,00,000 per month, inclusive of salary, perquisites, and allowances.

Shareholder Approval Process

National Securities Depository Limited (NSDL) has been appointed as the Remote E-Voting Agency, while M/s. SCS and Co. LLP, Practicing Company Secretaries, will act as the Scrutinizer to ensure a fair and transparent voting process. The result of the postal ballot shall be declared on or before Tuesday, July 21, 2026, at the registered office of the Company and will also be posted on the Company's website. The notice of the postal ballot has been sent to shareholders via email and published in newspapers, including Free Press Gujarat and Lokmitra, on June 17, 2026.

Director Profiles and Disclosures

The following table summarizes the key details of the directors proposed for appointment or re-appointment:

All appointees have affirmed they are not debarred from holding the office of Director by any SEBI order or other authority and are not disqualified under the Companies Act, 2013.