Zodiac Energy Limited , a player in the renewable energy sector, has made a strategic move to strengthen its position in the solar power industry. The company has announced the acquisition of a 50% stake in Dhwarkesh Solar Projects LLP, marking a significant expansion of its solar energy portfolio.

Key Details of the Acquisition

• Stake Acquired: Zodiac Energy has acquired a 50% ownership interest in Dhwarkesh Solar Projects LLP.
• Acquisition Method: The stake was acquired through direct capital contribution.
• Transaction Value: Zodiac Energy contributed Rs. 10,000.00 out of the total capital of Rs. 20,000.00 of the LLP.
• Effective Date: The acquisition took effect on August 22, 2025.

About Dhwarkesh Solar Projects LLP

Dhwarkesh Solar Projects LLP, incorporated on November 12, 2020, is primarily engaged in:

• Setting up solar power plants
• Producing electricity through solar energy
• Selling solar power

The LLP, which now becomes an associate company of Zodiac Energy, has not reported any turnover in the last three financial years, indicating it may be in the early stages of its operations or project development.

Strategic Implications

This acquisition aligns with Zodiac Energy's business objectives and is expected to contribute to the company's expansion in the solar energy sector. By taking a significant stake in Dhwarkesh Solar Projects LLP, Zodiac Energy is positioning itself to capitalize on the growing demand for renewable energy solutions.

Regulatory Compliance

The company has confirmed that the transaction was carried out on an arm's length basis, in accordance with applicable laws. This acquisition falls under the related party transaction category, as promoters and members of the promoter group have an interest in the transaction.

Market Impact

While the immediate financial impact of this acquisition may be limited due to Dhwarkesh Solar Projects LLP's current lack of turnover, the strategic value lies in the potential for future growth and expansion in the solar energy market. This move demonstrates Zodiac Energy's commitment to strengthening its presence in the renewable energy sector.

As the renewable energy landscape continues to evolve, stakeholders will be watching closely to see how this acquisition contributes to Zodiac Energy's long-term growth strategy and its position in the competitive solar power market.

Zodiac Energy Limited , a prominent player in the renewable energy sector, has made several significant announcements following its board meeting held on August 12, 2025. The company has approved its financial results for the first quarter of the fiscal year 2025-26, declared a dividend, and made a strategic acquisition in the solar energy space.

Financial Results and Dividend Declaration

The Board of Directors of Zodiac Energy Limited has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. While specific financial figures were not disclosed, the company has demonstrated confidence in its performance by declaring a dividend.

Zodiac Energy has announced a dividend of Rs. 0.75 per equity share, representing a 7.50% return on the face value of Rs. 10.00 per share for the financial year 2024-25. The record date for dividend entitlement has been set as September 12, 2025. Shareholders on record as of this date will be eligible to receive the dividend, which is subject to approval at the upcoming Annual General Meeting (AGM).

Strategic Acquisition in Solar Energy

In a move to strengthen its position in the solar energy market, Zodiac Energy Limited has acquired a majority stake in Dharmik Solar Projects LLP. The company will hold a 51% ownership interest through direct capital contribution, effective August 12, 2025. This acquisition aligns with Zodiac Energy's core business and is expected to contribute to the company's growth in the solar power sector.

Dharmik Solar Projects LLP, incorporated on December 23, 2020, specializes in setting up solar power plants, producing electricity through solar energy, and selling solar power. The acquisition is valued at Rs. 51,000 for the 51% stake, based on the LLP's total capital of Rs. 1,00,000.

Corporate Governance and Compliance

Zodiac Energy has also made several appointments to enhance its corporate governance structure:

1. M/s. SCS and Co. LLP has been appointed as the Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval.
2. M/s. Manubhai & Shah LLP has been named the Internal Auditor for the financial year 2025-26.
3. M/s. SCS and Co. LLP will serve as the scrutinizer for the e-voting process at the upcoming AGM.

Annual General Meeting

The company's 33rd Annual General Meeting is scheduled for September 19, 2025, at 2:30 PM IST. In line with current practices, the AGM will be conducted through video conferencing or other audio-visual means. National Securities Depository Limited (NSDL) has been appointed as the remote e-voting agency for the resolutions to be passed at the AGM.

These announcements reflect Zodiac Energy Limited's commitment to growth, shareholder value, and robust corporate governance. The strategic acquisition in the solar energy sector, coupled with the dividend declaration, signals the company's positive outlook and focus on expanding its renewable energy portfolio.