As attached.
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Awaiting price reaction for this filing.
At the AGM held on September 30, 2025, shareholders of Zeal Aqua Limited approved revised remuneration for Mr. Dhavalkumar Shantilal Patel, Whole-Time Director, at Rs. 3,00,000 per month for the period September 22, 2025 to September 21, 2027. This covers the remainder of his existing appointment term, which originally ran from September 22, 2022. Mr. Patel, aged around 34, holds 4,80,000 equity shares (0.38%) of the company and has over 10 years of experience in aquaculture and fabrication. Notably, he is the son of Mr. Shantilal Patel, who is also a Whole-Time Director of the company, making this a related-party remuneration approval. The Board had recommended the revision through its Nomination and Remuneration Committee.
Shareholders have endorsed a pay hike (or revised structure) for the existing WTD, which will be a recurring cost to the company over the next two years. The family connection between two WTDs is a governance point worth noting for retail investors watching related-party decisions.