Zeal Aqua Limited has successfully completed its postal ballot process and announced the voting results for the appointment of Mr. Pankajbhai Chimanlal Patel as a non-executive independent director. The company submitted the detailed voting results to BSE Limited on February 09, 2026, marking the conclusion of a comprehensive corporate governance exercise.

Postal Ballot Objective and Process

The postal ballot was conducted to secure shareholder approval for the appointment of Mr. Pankajbhai Chimanlal Patel (DIN-11371266) as a non-executive independent director for a term of five years. The Board of Directors had approved this proposal at their meeting held on January 05, 2026, and the postal ballot notice was issued on the same date.

Voting Results and Shareholder Response

The postal ballot received overwhelming support from shareholders, with the resolution being passed by a significant majority. The voting was conducted exclusively through electronic means via National Securities Depository Limited (NSDL) platform.

Regulatory Compliance and Documentation

The postal ballot was conducted in strict accordance with multiple regulatory frameworks, including Sections 108 and 110 of the Companies Act, 2013, Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also complied with various MCA circulars issued between 2020 and 2024.

Scrutinizer Report and Final Approval

Dhaval P. Master, Partner of M/s. JDM & Associates LLP, Practicing Company Secretaries (COP No. 13653), served as the appointed scrutinizer for the postal ballot process. The scrutinizer submitted the comprehensive report on February 09, 2026, confirming that the special resolution was passed with the requisite majority.

Corporate Governance Impact

With the successful approval of Mr. Pankajbhai Chimanlal Patel's appointment, Zeal Aqua Limited has strengthened its board composition with an independent director for a five-year term from November 12, 2025, to November 11, 2030. The appointment aligns with the company's commitment to maintaining robust corporate governance standards and regulatory compliance.

Zeal Aqua Limited has issued a postal ballot notice seeking shareholder approval for the appointment of a new Independent Director through remote e-voting. The company announced this development in a regulatory filing dated January 05, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Appointment Details

The postal ballot seeks approval for appointing Mr. Pankajbhai Chimanlal Patel (DIN-11371266) as a Non-Executive Independent Director for a term of five years. The appointment details are structured as follows:

Mr. Patel was initially appointed as an Additional Director (Non-Executive Independent) with effect from November 12, 2025, based on the recommendation of the Nomination and Remuneration Committee. The current postal ballot seeks formal shareholder approval for his appointment as an Independent Director.

Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, conducted exclusively through remote e-voting via NSDL platform:

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of January 02, 2026, and whose email addresses are registered with the company, Bigshare Services Pvt. Ltd., or depositories, are eligible to participate in the voting process.

Scrutinizer and Compliance

The company has appointed Mr. Dhaval P. Master (Membership No. A34204), Partner of JDM & Associates LLP (LLPIN - ACO-1243), Practicing Company Secretaries, as the Scrutinizer for the postal ballot process. The scrutinizer will ensure fair and transparent conduct of the voting process and submit a consolidated report to the Chairman upon completion of vote scrutiny.

Director Profile and Qualifications

Mr. Pankajbhai Chimanlal Patel brings significant industry experience to the board:

The appointee has confirmed compliance with independence criteria under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of SEBI Listing Regulations. He has also registered with the data bank of Independent Directors maintained by the Indian Institute of Corporate Affairs.

Regulatory Compliance and Documentation

The postal ballot notice has been prepared in compliance with Section 110 of the Companies Act, 2013, read with Companies (Management and Administration) Rules, 2014, and various MCA circulars. The notice is being sent electronically to eligible shareholders, with the voting process conducted exclusively through remote e-voting in accordance with current regulatory guidelines.

The resolution requires approval as a Special Resolution, and if passed by the requisite majority, will be deemed to have been passed at the General Meeting of Members on February 07, 2026. The results, along with the Scrutinizer's Report, will be communicated to BSE Limited and made available on the company's website and NSDL's e-voting portal.