Zodiac Energy Limited — JV/Acquisition, 30-07-2026: Acquisition

Zodiac Energy has established ZODIAC ENERGY IPP-1 PRIVATE LIMITED, a new wholly-owned subsidiary, by subscribing to its initial capital of ₹0.01 Cr for a 100% stake. This move is part of Zodiac Energy's strategy to expand its renewable energy portfolio. The new entity will function as a Special Purpose Vehicle (SPV) to undertake solar power generation and EPC projects, strengthening the company's operational capabilities and facilitating execution in the booming solar sector. This incorporation is key to their long-term business expansion.