Zeal Aqua approves Dhavalkumar Patel's reappointment as WTD for 3 years
- Shareholders approved Dhavalkumar Shantilal Patel's re-appointment as Whole-time Director
- New term spans three years from September 22, 2027 to September 21, 2030
- Patel has served on the board since September 22, 2017
- Appointment follows SEBI Regulation 30 disclosure norms
*this image is generated using AI for illustrative purposes only.
Zeal Aqua Limited shareholders approved the re-appointment of Dhavalkumar Shantilal Patel as Whole-time Director for a three-year term. The appointment commences on September 22, 2027, and extends through September 21, 2030.
The decision was ratified during the company's 18th Annual General Meeting held on September 30, 2026, via video conferencing. The move ensures continuity in leadership, with Patel having served on the board since September 22, 2017.
Role and responsibilities
Patel’s primary mandate involves overseeing the purchasing process and supplier negotiations. He is tasked with securing high-quality raw materials at competitive prices by monitoring market trends. The filing notes his critical role in ensuring procurement goals are met across all purchasing aspects.
Governance details
The re-appointment complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Patel is the son of Shantilal Ishwarlal Patel, who also serves as a Whole-time Director for the company. The filing confirms that Patel is not debarred from holding the office of director by any regulatory authority.
| Particular | Details |
|---|---|
| Director Name | Dhavalkumar Shantilal Patel |
| DIN | 02961674 |
| Designation | Whole-time Director |
| Term Start | September 22, 2027 |
| Term End | September 21, 2030 |
| Relationship | Son of Shantilal Ishwarlal Patel |
Historical Stock Returns for Zeal Aqua
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.19% | -1.34% | -6.18% | -7.69% | +3.82% | +29.13% |
How might the concentration of key procurement roles within the Patel family influence Zeal Aqua's corporate governance ratings?
What specific raw material price trends is Dhavalkumar Patel expected to leverage to maintain margins during his 2027-2030 term?
Could the extended leadership continuity impact Zeal Aqua's ability to diversify its supplier base away from existing long-term relationships?
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