Key Decision
The Board of Directors of Zeal Aqua Limited, at its meeting held on 05 August 2026, has approved (subject to member approval) the continuation of Mr. Shantilal Ishwarlal Patel (DIN: 01362109) as Whole-Time Director of the Company upon his attaining the age of 70 years on 31 August 2026.
Term of Continuation
The continuation is approved for the remaining period of his existing term of appointment from 26 June 2025 to 25 June 2030.
Legal Basis
The approval is in accordance with the provisions of Section 196(3)(a) read with Schedule V and other applicable provisions of the Companies Act, 2013.
Shareholder Approval Process
The approval of the Members shall be sought by way of a Special Resolution at the Extraordinary General Meeting of the Company scheduled to be held on 28 August 2026.
Director Profile
Mr. Shantilal Ishwarlal Patel has extensive experience in the aquaculture and seafood processing industry and has been associated with the Company since its incorporation. He has played a significant role in the growth, strategic expansion, production enhancement, export development and overall management of the Company.
Director Relationships
Mr. Shantilal Ishwarlal Patel is the father of Mr. Dhaval Shantilal Patel, Whole-Time Director of the Company.
Shareholding
Mr. Shantilal Ishwarlal Patel holds 1,34,35,200 equity shares of ₹1 each, representing 10.66% of the company's equity.