Key Event: EGM Details

An Extraordinary General Meeting (EGM) of the members of Zeal Aqua Limited is scheduled to be held on Friday, 28th August, 2026, at 4:00 P.M. (IST).

The meeting will be conducted entirely through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) without a physical venue, in compliance with MCA and SEBI circulars.

The proceedings will be deemed to be conducted at the company's Registered Office at Block No. 347, Vill. Orma, Ta: Olpad, Surat, Gujarat 394540, India.

The notice for the EGM was sent to members via electronic mode on 05th August, 2026 and is also available on the company's website at www.zealaqua.com.

Business to be Transacted

SPECIAL BUSINESS

Approval for continuation of the appointment of Mr. Shantilal Ishwarlal Patel (DIN: 01362109) as Whole-Time Director upon attaining the age of 70 years pursuant to Section 196(3)(a) of the Companies Act, 2013.

A special resolution will be put to vote for this purpose.

Rationale and Details of the Resolution

The resolution seeks member approval for Mr. Shantilal Patel to continue in his role as Whole-Time Director after he attains the age of 70 years on 31st August 2026.

His current tenure, approved by members on 27th June 2025, is from 26th June 2025 to 25th June 2030.

The approval is specifically mandated by Section 196(3)(a) of the Companies Act, 2013.

The resolution explicitly states that there will be no change to his existing tenure, duties, powers, remuneration, perquisites, or other terms and conditions of appointment as previously approved. The resolution is confined solely to obtaining approval for continuation after age 70.

Director Profile and Justification

Mr. Shantilal Ishwarlal Patel (DIN: 01362109)

  • Date of Birth and Age: 31.08.1956 (70 years)
  • Date of First Appointment: March 06, 2009
  • Qualifications: Graduate
  • Expertise: Technical expertise in shrimp farming and aquaculture.
  • Experience: Extensive experience in aquaculture, seafood processing, and business management. A founder member of Surat aqua farmers association (SAFA). Originally in steel fabrication for over 20 years before diversifying.
  • Current Remuneration: ₹3,00,000 per month (as last drawn).
  • Shareholding: Holds 1,34,35,200 equity shares (10.66% of the company).
  • Board Meeting Attendance: Attended 20 out of 20 board meetings held during FY 2025-26.
  • Other Directorships: Holds directorships in Rati Aqua Private Limited, Jacob Foods Private Limited, Mukesh Hotels Private Limited, and Bright Commotrade LLP.

The explanatory statement justifies his continuation based on his pivotal role in the company's growth, extensive industry experience, leadership in strategic initiatives (modernization, operational efficiency, export expansion), and his valuable contribution to the company's affairs. The Board and the Nomination and Remuneration Committee recommend his continuation.

Voting Information

  • Cut-off Date for Voting Rights: Friday, 21st August 2026. Voting rights are proportional to shares held at the close of business on this date.
  • Remote E-Voting Period: Commences on Tuesday, 25th August 2026 at 9:00 A.M. (IST) and ends on Thursday, 27th August 2026 at 5:00 P.M. (IST).
  • E-Voting Service Provider: National Securities Depository Limited (NSDL).
  • Scrutinizer: Mr. Manish R. Patel (Membership No. 19885), Practicing Company Secretary, Surat, appointed to scrutinize the e-voting process.
  • Result Declaration: Voting results will be declared within 2 working days from the conclusion of the EGM and will be uploaded on the company's website (www.zealaqua.com) and NSDL's website (www.evoting.nsdl.com).
  • Proxy Voting: Not available for this VC/OAVM meeting.

Governance and Compliance

  • The notice includes extensive instructions for members on how to participate in the VC/OAVM meeting and how to vote remotely via NSDL's platform for both demat and physical shareholders.
  • The filing is signed by Anita Digbijay Paul, Company Secretary and Compliance Officer (FCS:9282).