This is to inform that the company held its board Meeting today i.e., 24th May, 2025 at 10.00 AM and concluded at 1.35 PM. The outcome of the meeting is attached herewith.
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Zeal Aqua Ltd's board met on 24th May 2025 and approved three director appointments for a 5-year term, subject to shareholder approval via postal ballot. Mr. Pradipkumar Ratilal Navik, a founder promoter, will be appointed as Managing Director, while his son Mr. Rohan Pradipkumar Navik (promoter group) will be a Whole-Time Director. Mr. Shantilal Ishwarlal Patel, a promoter and father of existing Whole-Time Director Mr. Dhavalkumar Patel, will also be appointed as a Whole-Time Director. All three roles take effect from 26th June 2025, and the postal ballot cut-off date has been fixed as 23rd May 2025.
Promoter family members are taking up key board and top management roles, indicating deeper promoter involvement in leadership. Shareholders will need to approve these appointments through a postal ballot before they become effective.