Zeal Aqua Limited shareholders approved a uniform remuneration of ₹5 lakh per month for the Chairman & Managing Director and three Whole-time Directors. The revision takes effect from October 1, 2026.

The decision was ratified by members at the 18th Annual General Meeting held on September 30, 2026, via video conferencing. The approval covers four key managerial personnel, standardizing their monthly compensation across leadership roles.

Remuneration details

The revised compensation structure applies equally to the top executive team. The following table outlines the specific individuals and their designated roles under the new agreement.

Regulatory compliance

The remuneration revision was executed in accordance with Sections 196, 197, and 198 of the Companies Act, 2013, read with Schedule V. The company also adhered to applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The intimation was filed with BSE Limited under Regulation 30 of the SEBI LODR Regulations. Anita Digbijay Paul, Company Secretary and Compliance Officer, signed off on the disclosure from Olpad, Surat.

Zeal Aqua Limited’s board of directors approved an enhancement in its aggregate credit facilities to ₹249.96 crore during a meeting held on September 18, 2026. The company secured this revised limit from a consortium of banks led by Punjab National Bank (PNB).

The enhanced facility replaces the existing aggregate credit limit of ₹206.00 crore, representing an increase of ₹43.96 crore. This additional capital is designated for meeting the company’s business and working capital requirements, including term loans and facilities under the Emergency Credit Line Guarantee Scheme (ECLGS).

Consortium Details and Security Structure

The lending consortium comprises PNB as the lead bank, alongside Axis Bank Limited, Bank of India, and Indian Bank. PNB Investment Services Limited acts as the security trustee for the arrangement.

The facilities are secured through pari-passu hypothecation over specified current and movable assets, along with a mortgage or charge over specified immovable properties. Additional collateral is provided specifically for the ECLGS-related components as stipulated in the respective sanction letters.

Regulatory Disclosures

The approval was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The agreement does not involve any shareholding by the lenders in Zeal Aqua. There are no special rights granted to the banks, such as the appointment of directors or restrictions on changes in the capital structure. Furthermore, the lenders are not related parties to the promoters or group companies, ensuring the transaction is conducted at arm’s length. No outstanding loan amount was reported as nil at the time of execution.