Zeal Aqua Ltd Avails Rs 8.16 Crore Term Loan from Indian Bank for Working Capital
Zeal Aqua Limited has secured a credit facility worth Rs 8.16 Crores from Indian Bank. The loan is intended to support the company's working capital and business operations.The financing agreement was executed with Indian Bank, with the sanction letter dated June 06, 2026, and the loan agreement signed on June 08, 2026. Zeal Aqua Limited confirmed that the facility is provided under the Emergency Credit Line Guarantee Scheme (ECLGS/ECGL).
The transaction details highlight that the purpose of entering into the agreement was to meet the working capital and business operation requirements of Zeal Aqua Limited.
Key aspects of the credit facility include:
- Lender: Indian Bank
- Borrower: Zeal Aqua Limited
- Amount: Rs 8.16 Crores
- Loan Nature: Term Loan under Emergency Credit Line Guarantee Scheme (ECLGS/ECGL)
- Outstanding Amount: Nil
- Security: A charge has been created on the existing securities and both current and fixed assets of the company.
The agreement specifies that there are no significant terms related to special rights, such as a right to appoint directors or first right to share subscription, provided by Indian Bank. Furthermore, neither Zeal Aqua Limited nor its parties have any relationship with the bank that would bring the transaction under related party transactions.
ZEAL Stock Price Movement
Zeal Global Services Limited shares settled at ₹69 today after trading with no net change. The stock saw a volume of 7,200 shares during the market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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