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.

Zeal Aqua has confirmed the schedule for its 18th Annual General Meeting (AGM), set for Wednesday, September 30, 2026. The company also issued a revised filing to correct a Director Identification Number (DIN) error in its earlier disclosure regarding director re-appointments.

The AGM will be held via Video Conferencing or Other Audio-Visual Means (OAVM) at 4:30 pm. This follows a board meeting on September 5, 2026, which approved key agenda items including the re-appointment of Mr. Dhavalkumar Shantilal Patel as Whole-time Director.

E-Voting Schedule

The cut-off date for determining eligibility to vote electronically is Wednesday, September 23, 2026. The e-voting window opens on September 27, 2026, at 9:00 am and closes on September 29, 2026, at 5:00 pm. National Securities Depository Limited (NSDL) has been appointed to enable the e-voting platform.

Director DIN Correction

On September 7, 2026, Zeal Aqua submitted a revised intimation to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The correction addresses an inadvertent error in the attachment of the initial filing dated September 5, 2026, concerning the re-appointment of Mr. Dhavalkumar Shantilal Patel as Whole-time Director.

The corrected DIN (02961674) aligns with previous disclosures regarding the rectification of director appointment terms approved by the board. The company clarified that there is no change in the substantive information or disclosure contained in the original intimation.

Board Meeting Approvals

The board meeting held on September 5, 2026, also approved:

• Rectification of appointment terms for Managing Director Pradipkumar Ratilal Navik and Whole-time Directors Shantilal Ishwarlal Patel and Rohan Pradipkumar Navik.
• Re-appointment of Mr. Dhavalkumar Shantilal Patel as Whole-time Director for a three-year term beginning September 22, 2027, subject to shareholder approval.
• Approval of the Directors' Report and annexures for FY26.
• Appointment of Manish R. Patel as Secretarial Auditor for five years.

Mr. Dhaval S Patel, son of Whole-Time Director Mr. Shantilal Patel, has served on the board since September 22, 2017. His primary responsibility is overseeing the purchasing process to secure quality raw materials at competitive prices.

All these matters require shareholder approval at the upcoming AGM. Members without registered email addresses have been sent letters with web-links to access the Annual Report for Financial Year 2025-26 via the company website, Registrar and Transfer Agent (Bigshare Services Private Limited), and BSE Limited.