Zodiac Energy Limited — Important, 25-07-2025: General Updates

Zodiac Energy (ZODIAC) has received a penalty notice from Uttar Gujarat Vij Company Limited (UGVCL) for approximately Rs 0.65 Cr and Rs 0.92 Cr. The penalties stem from alleged generation loss due to non-maintenance of CUF and delayed complaint resolution across several solar feeders. The company disputes these claims, attributing performance shortfalls to external factors beyond its control despite consistent efforts. Zodiac Energy stated that the notice will not materially impact its financial position or operations, and it plans to contest the penalty. Investors should watch for further updates on this dispute.