Zodiac Energy Limited — JV/Acquisition, 12-08-2025: Acquisition

Zodiac Energy has acquired a 51% majority stake in Dharmik Solar Projects LLP for Rs. 51,000. This strategic acquisition expands Zodiac's presence in the renewable energy sector, as Dharmik Solar specializes in setting up and operating solar power plants. The move aligns perfectly with Zodiac's existing business objectives, aiming for future growth and deepening its capabilities in solar energy. Dharmik Solar Projects LLP now operates as a subsidiary, reinforcing Zodiac's operational reach in the green energy space. Despite Dharmik's negligible past turnover, this acquisition is a foundational step for future business expansion.