Key Quantitative Figures
- Enhanced Aggregate Credit Facilities: ₹249.96 Crore (Rupees Two Hundred Forty-Nine Crores Ninety-Six Lacs Only)
- Previous Aggregate Credit Facilities: ₹206.00 Crore
- Net Enhancement: ₹43.96 Crore
Dates of Action
- Board Meeting Date: September 18, 2026 (Friday)
- Date of Execution of Loan Agreement: September 18, 2026
- Disclosure Date: September 19, 2026
Parties Involved
Lending Consortium (PNB Consortium):
- Punjab National Bank (PNB) - Lead Bank
- Axis Bank Limited
- Bank of India
- Indian Bank
Security Trustee: PNB Investment Services Limited
Borrower: Zeal Aqua Limited
Purpose and Rationale
The credit facilities are being availed and enhanced "for the business and working capital requirements of the Company, in accordance with the respective sanction terms." The facilities comprise:
- Working capital facilities
- Term loan/working capital term loan facilities
- ECLGS-related facilities (Emergency Credit Line Guarantee Scheme)
Significant Terms and Security Arrangements
The facilities are secured by:
- Pari-passu hypothecation over specified current assets and movable assets
- Mortgage/charge over specified immovable properties
- Other securities as stipulated under the respective sanction letters
- Additional collateral/security in respect of the ECLGS-related facilities
PNB Investment Services Limited acts as the Security Trustee for the consortium.
Shareholding and Relationship Details
- No shareholding exists in any entity within the PNB Consortium
- The parties are not related to promoter/promoter group/group companies
- The transaction does not qualify as a related party transaction
Financial Impact
The enhancement represents a significant increase in available credit facilities (21.3% increase from previous facilities) which will support the company's working capital and business requirements. The financial impact of the additional borrowing capacity is material to the company's operations.