The Board of Directors of Zodiac Energy Limited, in their meeting held on June 15, 2026, approved several key leadership and corporate governance initiatives. The company sanctioned the re-appointment of Mr. Rakesh Arvindbhai Patel and Mr. Ambar Jayantilal Patel as Non-Executive Independent Directors for a second term of five years, effective September 1, 2026. Additionally, the Board approved the regularization of Mr. Dhaval Shah as a Non-Executive Non-Independent Director and established the remuneration for Mr. Jay Kunjbihari Shah in his new role as Associate Director, effective July 1, 2026. To formalize these and other agenda items, the company approved a Postal Ballot process, appointing NSDL as the e-voting agency and M/s. SCS and Co. LLP as the scrutineer.

Established in 1992, Zodiac Energy Limited is a prominent player in the renewable energy sector, specializing in providing clean energy solutions. The company’s extensive portfolio spans solar power generation, including residential rooftops, solar parks, and innovative floating solar projects. During 2025, Zodiac Energy continued its expansion, notably strengthening its footprint in Africa and executing its first overseas hybrid project incorporating Battery Energy Storage Systems (BESS). The firm remains a leader in clean energy innovation, maintaining a robust client base and emphasizing sustainable development through strategic partnerships.

In terms of financial performance for the fiscal year 2025, Zodiac Energy demonstrated significant growth, with annual revenue rising by approximately 85.35% to ₹409.67 Crores. While the provided board meeting notice did not disclose the most recent quarterly financial results, market data indicates that in the fourth quarter of the 2025-2026 fiscal year, the company achieved a revenue of ₹212.50 Crores, marking a 23.3% increase compared to the same period in the previous year. Net profit for that quarter stood at ₹10.63 Crores, representing a 12.61% increase year-over-year. The company’s shareholding pattern is heavily promoter-led, with Mr. Kunjbihari Jugalkishor Shah and related entities holding a majority stake.