Zodiac Energy Limited — Others, 27-07-2025: Rumour Verification - Regulation 30(11)

Zodiac Energy Ltd (ZEL) has addressed a misleading news report by ScoutQuest claiming penalties of Rs. 64.96 Crore and Rs. 92.22 Crore from UGVCL. ZEL clarifies that the actual notices received are for significantly lower amounts: Rs. 0.65 Cr (Rs. 64.96 Lakhs) and Rs. 0.92 Cr (Rs. 92.22 Lakhs). This correction highlights a major discrepancy in reported figures. ZEL intends to contest these penalty demands and has requested the news source to withdraw the incorrect article. This update is vital for shareholders to gauge the company's true financial liabilities.