Zodiac Energy Receives LOI for $3.29M Solar Power Project in Zambia

Zodiac Energy has received a Letter of Intent from an international entity based in Zambia for the execution of a turnkey solar power project valued at USD 3,288,000. The project involves designing, supplying, installing, testing, and commissioning a Ground Mounted Solar PV Power Plant with a capacity of 6 MWp DC, 5 MW AC, and 1 MWh Battery Energy Storage System (BESS) at Lusaka, Zambia.

Project Specifications

The comprehensive scope of work includes complete project implementation from design to delivery on a DAP (Delivery on Place) basis. The project encompasses packing and forwarding, dispatch, transportation with transit insurance, and final delivery at the site.

Project Details	Specifications
Contract Value	USD 3,288,000
INR Equivalent	₹30,85,29,808
Project Capacity	6 MWp DC, 5 MW AC & 1 MWh BESS
Location	Lusaka, Zambia
Execution Timeline	Within 9 months approximately
Project Type	Turnkey Ground Mounted Solar PV Power Plant

Strategic Significance

This international order is expected to strengthen Zodiac Energy's presence in the renewable energy sector and contribute to the company's revenues over the project execution period. The turnkey nature of the contract demonstrates the company's capability to manage the entire project lifecycle, from initial planning through final delivery and commissioning.

Market Expansion

The Zambian solar project represents Zodiac Energy's expansion into the African renewable energy market. The company has confirmed that the order has been awarded by an international entity and that neither the promoter group nor group companies have any interest in the entity that awarded the order. The transaction does not fall within related party transactions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.89%	+19.03%	+41.56%	-7.04%	-16.76%	+1,852.20%

Zodiac energy Limited has appointed NeoAtlas Capital Advisory LLP as its Investor Relations and Strategic Advisor, effective April 15, 2026. The company made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

NeoAtlas Capital Advisory LLP, operating under the brand name Atlas Capital, has been engaged to support the company's investor outreach and capital markets communication initiatives. The advisory firm's registered office is located at 13th floor -1322, Shivalik Shilp-2, keshavbag party plot, Nr. Chandreshbaug, Judges Bungalow Road, Ahmedabad, 380015 Gujarat.

Parameter:	Details
Advisor Name:	NeoAtlas Capital Advisory LLP
Brand Name:	Atlas Capital
Effective Date:	April 15, 2026
Location:	Ahmedabad, Gujarat

Strategic Objectives

The appointment aligns with Zodiac Energy's ongoing focus on strengthening its investor engagement framework. NeoAtlas Capital Advisory LLP will particularly support the company in strengthening engagement with the investor community and enhancing transparency in capital markets communication.

The engagement is designed to align the company's capital markets communication with the evolving expectations of institutional investors. This strategic move demonstrates the company's commitment to improving its investor relations capabilities.

Contact Information

The research team at NeoAtlas Capital Advisory LLP can be reached through the following channels:

Contact Type:	Details
Email:	research@atlascapital.in
Phone:	+91 63549 47366

Regulatory Compliance

The appointment was formally communicated to both BSE Limited and National Stock Exchange of India Limited as required under SEBI regulations. The notification was signed by Divya Joshi, Company Secretary and Compliance Officer of Zodiac Energy Limited, from the company's Ahmedabad office.

This strategic appointment reflects the company's proactive approach to enhancing its investor relations infrastructure and maintaining robust communication channels with the investment community.