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Zeal Aqua Limited has issued the notice for its 17th Annual General Meeting to be held on Tuesday, September 30, 2025 at 4:00 PM at the registered office in Surat, Gujarat. Key items on the agenda include adoption of audited financial statements for FY2024-25, re-appointment of Mr. Rohan Pradipkumar Navik as Director, and appointment of M/s D C Jariwala & Co as new Statutory Auditors for 5 years (FY2025-26 to FY2029-30), replacing M/s Patel Kabrawala And Co who resigned on September 4, 2025. The company also seeks shareholder approval for the revised remuneration of Whole-Time Director Mr. Dhavalkumar Shantilal Patel at Rs. 3,00,000 per month for 2 years, appointment of M/s JDM & Associated LLP as Secretarial Auditor, material related party transactions, an enhanced borrowing limit of Rs. 500 Crores, and creation of mortgage/charge on company assets up to Rs. 500 Crores. E-voting will begin on September 27, 2025.
Shareholders should review and vote on key items including a proposed 5-fold increase in borrowing capacity to Rs. 500 Crores and related party transaction approvals, which could expand the company's debt and related-party exposure. The auditor change and revised WTD remuneration are standard governance items but signal fresh leadership oversight ahead.