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Zodiac Energy Limited has announced a board meeting to review the Statement of Deviation in the utilization of funds raised through a Qualified Institutional Placement (QIP) for the quarter ended December 31, 2024. The company raised ₹29.99 crore (cr) by allotting 435,700 equity shares at ₹688.50 each, and disclosed that there are no variations in the intended use of these funds. The allocation for solar power projects and other corporate purposes remains unchanged, affirming effective cost management. This update provides a positive outlook for investors, as it reflects the company’s compliance and strategic focus on its projects without reallocating funds.