Zodiac Energy Limited has informed the Exchange about General Updates
ZODIAC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zodiac Energy Limited has acquired a 50% ownership interest in Dhwarkesh Solar Projects LLP by contributing Rs. 10,000 as its share of the total LLP capital of Rs. 20,000, making the LLP an associate company. Dhwarkesh Solar Projects LLP, incorporated in November 2020, is engaged in setting up solar power plants and selling solar power, though it has reported nil turnover for the last three financial years (FY22-23 to FY24-25). The transaction was carried out in cash on an arm's length basis, though it qualifies as a related party transaction since the promoters and promoter group are interested in the LLP. The acquisition is fully completed and no regulatory approvals were required.
This is a small strategic move into the solar energy space with negligible immediate financial impact given the tiny investment size and zero turnover of the target. For shareholders, the long-term value will depend on whether this LLP is used as a vehicle for meaningful future solar project expansion.