Board approves director re-appointments and postal ballot notice

Board & Shareholder Meetings View source PDF

ZODIAC · price

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AI summary

Zodiac Energy's board, at its June 15, 2026 meeting, approved the re-appointment of two Independent Directors — Mr. Rakesh Arvindbhai Patel and Mr. Ambar Jayantilal Patel — for a second 5-year term (Sept 1, 2026 to Aug 31, 2031), subject to shareholder approval. It also approved regularization of Mr. Dhaval Shah as Non-Executive Non-Independent Director, fixed remuneration for Mr. Jay Kunjbihari Shah as Associate Director effective July 1, 2026, and cleared a postal ballot notice seeking shareholder approval for these items. NSDL was appointed as e-voting agency.

Likely market impact

Routine governance updates; no material business change. Shareholder approval via postal ballot will be sought for the director changes.