Pursuant to relevant Provision of SEBI (LODR) regulations, 2015, We wish to inform that the Notice of Postal ballot along with its Explanatory statement issued to shareholders and is attached ....
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Zeal Aqua Limited has issued a Postal Ballot Notice for shareholders' approval via remote e-voting on three special resolutions. The resolutions seek approval for appointing Mr. Pradipkumar Ratilal Navik as Managing Director and Mr. Shantilal Ishwarlal Patel and Mr. Rohan Pradipkumar Navik as Whole Time Directors, each for a five-year term from June 26, 2025 to June 26, 2030. Each director will receive a salary of Rs. 3,00,000 per month, with the remuneration fixed for a three-year period (2025-2028), plus standard benefits and allowances as per company policy. The cut-off date for eligibility is May 23, 2025, with e-voting running from May 28, 2025 (9:00 AM) to June 27, 2025 (5:00 PM), and results to be declared on or before June 30, 2025. CS Saaurabh Jhaveri has been appointed as Scrutinizer to oversee the process.
Shareholders should review and cast their votes electronically between May 28 and June 27, 2025. The appointments consolidate the existing promoter-led management structure for the next five years, which provides continuity but also raises concerns about related-party control. No fresh equity issuance or material capital change is proposed in this postal ballot.