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.

Zeal Aqua Limited , a prominent player in the aquaculture sector, has made significant corporate governance decisions at its 17th Annual General Meeting (AGM) held on September 30, 2025. The company approved several key resolutions, including the extension of a director's remuneration term and the appointment of new auditors.

Remuneration Term Extension

The shareholders approved the revised remuneration terms for Mr. Dhavalkumar Shantilal Patel, who serves as a Whole-Time Director of the company. His remuneration term has been extended from September 22, 2025, to September 21, 2027. Under the new terms, Mr. Patel will receive a monthly remuneration of Rs. 3,00,000.

Mr. Patel, who holds 4,80,000 equity shares (0.38% stake) in Zeal Aqua Limited, brings over a decade of experience in aquaculture and fabrication business to his role. He is the son of Mr. Shantilal Patel, another Whole-Time Director of the company.

New Auditor Appointments

The AGM also saw the appointment of new auditors for the company:

1. Statutory Auditors: M/s D C Jariwala & Co, Chartered Accountants (Firm Registration No. 104063W), have been appointed as the new Statutory Auditors. They will serve for a term of five years, conducting statutory audits from the financial year 2025-2026 to 2029-2030. This appointment fills the casual vacancy created by the resignation of the previous auditors, M/s Patel Kabrawala And Co.

2. Secretarial Auditors: M/s JDM and Associates LLP, Practising Company Secretaries, have been appointed as the Secretarial Auditors for a period of five consecutive years, from the financial year 2025-26 to 2029-30.

Other Key Resolutions

The AGM also addressed several other important matters:

• Re-appointment of Mr. Rohan Pradipkumar Navik as a Whole-time Director
• Approval of material related party transactions
• Approval of overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013
• Approval for the creation of mortgage or charge on the company's assets under Section 180(1)(a) of the Companies Act, 2013

These decisions reflect Zeal Aqua's commitment to maintaining strong corporate governance practices and ensuring long-term stability in its leadership and financial oversight.

The meeting, conducted through video conferencing and other audio-visual means, concluded with the e-voting facility remaining open for 15 minutes after the formal proceedings ended. The results of the voting are expected to be announced within two working days of the AGM's conclusion.