Zodiac Energy has scheduled its 34th Annual General Meeting for September 23, 2026. The Board recommends a final dividend of ₹0.75 per equity share for the financial year ended March 31, 2026.

The company notified stock exchanges that the AGM notice and annual report for FY25-26 were dispatched to registered members on August 21, 2026. For members without registered email addresses, the company has provided a web-link to the Annual Report 2025-26 in compliance with Regulation 36(1)(b) of the SEBI Listing Regulations. The report is also available on the company website.

Key Agenda Items

The AGM notice outlines several ordinary and special business items for shareholder approval:

• Final Dividend: Approval of a dividend of ₹0.75 per equity share of face value ₹10 each. This applies to 1,51,52,633 fully paid-up equity shares.
• Director Re-appointment: Re-appointment of Mrs. Parul Kunjbihari Shah as Whole Time Director. She retires by rotation but is eligible for re-appointment. Her remuneration remains at ₹60 lakh per annum.
• Articles of Association Alteration: Removal of provisions relating to the common seal from the company’s Articles of Association. This special resolution aims to simplify document execution processes.

Voting and Meeting Details

The meeting will be conducted via video conferencing or other audio-visual means. Remote e-voting will commence on September 20, 2026, at 9:00 am and conclude on September 22, 2026, at 5:00 pm. The facility is provided by National Securities Depository Limited (NSDL). M/s. SCS & Co LLP has been appointed as the scrutinizer for the voting process.

Shareholders on record as of September 16, 2026, are eligible to receive the dividend and participate in e-voting. Members attending the AGM who have not cast their vote during the remote e-voting period can vote on resolutions during the meeting. The dividend payment is expected on or around September 29, 2026.

What the Numbers Show

The proposed dividend of ₹0.75 represents a payout ratio of 7.5% relative to the ₹10 face value of the equity shares. This indicates a consistent return policy to shareholders for FY26, assuming the total payout aligns with the recommended per-share amount across the 1.51 crore outstanding shares.

Zodiac Energy has incorporated a wholly-owned subsidiary, Zodiac Energy IPP-2 Private Limited, to execute solar power generation and engineering, procurement and construction projects. The entity was registered on August 25, 2026.

The company disclosed the incorporation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new entity serves as a special purpose vehicle to support the firm’s business expansion strategy in renewable energy.

Incorporation Details

Zodiac Energy subscribed to 100% of the initial paid-up share capital of the subsidiary. The investment structure is detailed below:

The Registrar of Companies issued the Certificate of Incorporation on August 25, 2026. The authorized representative for the incorporation was Mr. Kunjbihari Shah.

Strategic Intent

The subsidiary aims to strengthen operational capabilities in the renewable energy sector. It will undertake projects related to solar power generation alongside EPC activities. The move aligns with the company’s long-term business expansion strategy to broaden its renewable energy portfolio.

No governmental or regulatory approvals were required for this incorporation. The transaction involved a cash consideration, with no related-party interests disclosed beyond the holding company relationship.