Zodiac Energy Limited has informed the Exchange about Acquisition
ZODIAC · price
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Zodiac Energy Limited has acquired a 51% stake in Dharmik Solar Projects LLP, making it a subsidiary of the company, effective August 12, 2025. The company paid Rs. 51,000 as cash consideration towards a total LLP capital of Rs. 1,00,000. Dharmik Solar Projects LLP is engaged in setting up solar power plants, producing and selling solar power, and was incorporated on December 23, 2020, with nil turnover over the last three financial years. The acquisition is a related party transaction (promoters are interested) but is being carried out on an arm's length basis. The move is described as aligned with the company's existing business and aimed at further expansion.
The acquisition adds a solar power subsidiary to Zodiac Energy's portfolio, supporting its renewable energy expansion plans, though the acquired entity has no revenue track record yet, so near-term financial impact may be limited. Shareholders should view this as a strategic, small-ticket entry into solar power generation.