Zodiac Energy Limited Board Approves Re-appointment of Independent Directors and Director Regularization
Zodiac Energy Limited announced key outcomes from its board meeting held on June 15, 2026, approving the re-appointment of two independent directors, regularizing a non-executive director, and approving remuneration for an associate director.The Board reviewed several matters related to governance and appointments. Notably, it considered and approved the second term re-appointment of Mr. Rakesh Arvindbhai Patel and Mr. Ambar Jayantilal Patel as Non-Executive Independent Directors. Their tenure for this two year period will commence on September 1, 2026, and conclude on August 31, 2031, subject to shareholder approval.
The company also considered and approved the regularization of Mr. Dhaval Shah as a Non-Executive Non-Independent Director, who is liable to retire by rotation, pending shareholder approval.
In addition to director appointments, the Board approved the remuneration for Mr. Jay Kunjbihari Shah, who holds the position of Associate Director, effective from July 1, 2026. The board also considered and approved the Postal Ballot Notice and Calendar of Events for seeking member approval on specified agenda items.
The company appointed National Securities Depository Limited (NSDL) as the Remote E-Voting Agency for resolutions proposed through the Postal Ballot Notice. Furthermore, M/s SCS and Co. LLP was appointed as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner.
Director Profile Summary
The following table summarizes the roles and professional background of the directors addressed during the board meeting:| Name | Role Status | Experience Highlights | Relationship with KMP |
|---|---|---|---|
| Mr. Rakesh Arvindbhai Patel | Independent Director (Re-appointed) | Over 25 years in food export industry; Whole Time Director of a spices manufacturing and export company. | Not related to any Directors & KMP of the Company. |
| Mr. Ambar Jayantilal Patel | Independent Director (Re-appointed) | Over 43 years experience in printing and gravure industry; oversees international operations, product costing, and market development. | Not related to any Directors & KMP of the Company. |
| Mr. Dhaval Shah | Non-Executive Non-Independent Director (Regularized) | Nearly 19 years of experience in credit and risk management for reputed organizations including ICICI Bank and Citi Bank. | Not related to any Directors & KMP of the Company. |
Mr. Patel, Mr. Ambar Jayantilal Patel, and Mr. Dhaval Shah were confirmed to be not debarred from holding a directorial office by any SEBI order or other authority, nor are they disqualified under the Companies Act, 2013.
ZODIAC Stock Price Movement
Zodiac Energy Limited saw its stock gain on Monday, concluding the trading session at ₹282.35 after rising by 1.98%. Trading for the company included 5,481 shares as the stock found its range between a low of ₹278 and a high of ₹285 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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