5434162026-10-175434162026-10-17ActionsTakenOrOrdersPassedDomain15434162026-10-17ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain15434162026-10-17SignatoriesDomain1xbrli:pureZODIACZODIAC ENERGY LIMITED543416NOTLISTEDINE761Y01019NewAction(s) taken or orders passed (sub-para 20)false2026-10-1717:00:002026-10-17Any other similar action(s)Order for set aside the Show Cause Notice & OrderJudicial BodyHigh Court of Gujarat at Ahmedabad1Listed Entity (Self)ZODIAC ENERGY LIMITEDHigh Court OrderVide judgment dated September 29, 2026, in Special Civil Application No. 3617 of 2026, the Hon’ble High Court of Gujarat quashed and set aside the Show Cause Notice dated June 30, 2025, issued by the Assistant Commissioner of State Tax, Unit-5, Ahmedabad, and the consequential order dated December 24, 2025, passed in Form GST DRC-07, in relation to the alleged GST demand for FY 2018–19.2026-10-17The Hon’ble High Court of Gujarat at Ahmedabad, vide its judgment dated September 29, 2026 (received by the Company via email on October 17, 2026), has quashed and set aside the Show Cause Notice dated June 30, 2025, issued by the Assistant Commissioner of State Tax, Unit-5, Ahmedabad, and the consequential order dated December 24, 2025, passed in Form GST DRC-07, in relation to the alleged GST demand under Section 74 of the applicable GST legislation for the financial year 2018–19, along with applicable interest and penalties.FY 2018–19The Hon’ble High Court of Gujarat quashed and set aside the Show Cause Notice dated June 30, 2025 and the Order dated December 24, 2025, in relation to the alleged GST demand for FY 2018–19. Hence, there is no impact on the financial, operational, or other activities of the Company.The GST authorities alleged short payment of GST on composite contracts for the supply and installation of solar power generating systems during FY 2018–19. The proceedings concerned the application of the 70:30 ratio for the valuation of goods and services and the alleged consequential short payment of GST, along with interest and penalty. The Hon’ble High Court held that the ingredients of Section 74 of the applicable GST legislation were not attracted in the circumstances of the case and quashed the impugned notice and order.The GST authorities alleged short payment of GST on composite contracts for the supply and installation of solar power generating systems during FY 2018–19. The proceedings concerned the application of the 70:30 ratio for the valuation of goods and services and the alleged consequential short payment of GST, along with interest and penalty. The Hon’ble High Court held that the ingredients of Section 74 of the applicable GST legislation were not attracted in the circumstances of the case and quashed the impugned notice and order.NANADivya JoshiCompany Secretary2026-10-17Ahmedabad