Zodiac Energy Limited has informed the Exchange about General Updates
ZODIAC · price
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Zodiac Energy Limited has acquired a 98% stake in Shamli Solar Projects LLP for Rs. 19,600 in cash, making it a subsidiary of the company effective March 11, 2026. Shamli Solar Projects LLP is engaged in setting up solar power plants and selling solar power, and was incorporated on November 25, 2020, but has had nil turnover in the last three financial years (FY22-23, FY23-24, and FY24-25) with a total capital of just Rs. 20,000. The acquisition is a related party transaction as promoters and promoter group members are interested, though it has been carried out on an arm's length basis. The company states the acquisition aligns with its objects and will help expand its business into the solar energy segment.
While the acquisition expands Zodiac Energy into the solar power space, the target LLP is very small (Rs. 20,000 capital, zero revenue), so the immediate financial impact is negligible. Shareholders should view this as a strategic entry into solar energy rather than a value-accretive deal in the near term.