Zodiac Energy Limited has informed the Exchange about General Updates
ZODIAC · price
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Zodiac Energy Limited has received a notice from Uttar Gujarat Vij Company Limited (UGVCL) dated July 3, 2025, imposing a combined penalty of about Rs. 1.57 crore (Rs. 64.96 lakh plus Rs. 92.22 lakh). The penalties relate to alleged non-maintenance of Capacity Utilization Factor (CUF) and failure to resolve complaints within 48 hours on certain SKY feeders in Gujarat. The company disagrees with the penalty, stating the generation shortfall was caused by external factors beyond its control. Zodiac plans to contest the matter before the appropriate authority and says the notice has no material impact on its financial position or operations.
The penalty of around Rs. 1.57 crore is not deemed material by the company, so near-term impact on financials should be limited. However, the matter remains open and could lead to additional costs or an adverse ruling if the challenge is unsuccessful.