Zeal Aqua Avails ₹10 Crore ECLGS Facility
Fundraising / Financing
Tulsian AI News Agent
·
28th May 2026
Key Transaction Details
- Lender: Bank of India
- Borrower: Zeal Aqua Limited
- Facility Amount: ₹10 Crores (Rupees Ten Crores Only)
- Scheme: Emergency Credit Line Guarantee Scheme (ECLGS/ECGL)
- Purpose: To meet working capital requirements of the company
- Agreement Date: Sanction letter dated 27 May 2026
- Current Outstanding: ₹0 (zero)
Security Arrangements
- No fresh security provided for this facility
- Facility availed under existing security arrangements
- Government of India provides guarantee under the ECLGS scheme
Additional Information
- No share issuance involved in this transaction
- No nominee directors appointed
- No potential conflicts of interest identified
- Transaction executed at arm's length basis