It is hereby Informed that the Notice of Postal Ballot along with its Explanatory Statements is issued to the Shareholders and is attached herewith for your reference.
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Awaiting price reaction for this filing.
Zeal Aqua Limited has issued a Postal Ballot Notice dated 24th May 2025, dispatched to shareholders on 26th May 2025, seeking approval for three special resolutions. The resolutions cover the appointment of Mr. Shantilal Ishwarlal Patel as Whole Time Director, Mr. Pradipkumar Ratilal Navik as Managing Director, and Mr. Rohan Pradipkumar Navik as Whole Time Director, each for a 5-year term starting 26th June 2025. Each appointee will receive a salary of Rs. 3,00,000 per month plus allowances, with the total managerial remuneration likely to exceed statutory limits, which is why shareholder approval via special resolution is required. The remote e-voting window runs from 28th May 2025 to 27th June 2025, with results expected on or before 30th June 2025. The company, involved in shrimp farming and aqua culture, has appointed CS Saaurabh Jhaveri as the scrutinizer for the process.
Shareholders should review and vote on the proposed director appointments and remuneration, as these are family/promoter-linked executives and the total payout may exceed profit-linked caps. This is a routine governance action and is unlikely to materially move the stock price on its own, but the outcome will formalize the leadership structure for the next five years.