Nature of the Event
Zeal Aqua Limited has made a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the availing of credit facilities.
Key Quantitative Figures
The company has availed credit facilities aggregating to ₹5,47,00,000 (Rupees Five Crores Forty Seven Lacs Only).
Date of Action
The loan agreement was executed and the disclosure was made on July 6, 2026.
Parties Involved
- Borrower: Zeal Aqua Limited
- Lender: Axis Bank Limited, Ghod-Dhod Road, Surat
- Guarantor: National Credit Guarantee Trustee Company Limited (NCGTC) providing 100% guarantee
Purpose and Rationale
The credit facility was availed to meet the working capital and business operation requirements of the Company under the Emergency Credit Line Guarantee Scheme (ECLGS/ECGL).
Significant Terms of Agreement
- Nature of loan: Working Capital Term Loan under Emergency Credit Line Guarantee Scheme
- Total amount granted: ₹5,47,00,000
- Current outstanding amount: Nil
- Security: Charge to be created on existing securities (primary as well as collateral) and on assets to be created out of the loan under ECLGS 5.0
- Timeline: Security to be created within 90 days from the date of first disbursement
- Additional security: 100% Guarantee from NCGTC
Relationship Details
The company confirmed that:
- There is no shareholding in Axis Bank Limited
- The parties are not related to promoter/promoter group/group companies
- This is not a related party transaction
- The transaction is at arm's length
- No special rights were granted to the bank (right to appoint directors, first right to share subscription, etc.)
Document Preparation
Prepared by Anita Digbijay Paul, Company Secretary & Compliance Officer, from the registered office at Block No. 347, Vill. Orma, Ta: Olpad, Surat, Gujarat 394540 India.