Zeal Aqua Secures Rs 5.47 Crore Credit Facility from Axis Bank for Working Capital Needs
Zeal Aqua Limited has successfully availed a significant credit facility amounting to Rs 5,47,00,000 (Rupees Five Crores Forty Seven Lacs Only) from Axis Bank Limited. The loan is designed to meet the company's working capital and business operation requirements.The financial arrangement involves a Working Capital Term Loan provided under the Emergency Credit Line Guarantee Scheme (ECLGS/ECGL).
Key details regarding this credit facility include:
- Lender: Axis Bank Limited
- Borrower: Zeal Aqua Limited
- Amount Sanctioned: Rs 5,47,00,000
- Purpose: Working capital and business operation requirements.
The loan agreement was executed on July 4, 2026, following the sanction letter dated June 22, 2026.
In relation to this lending arrangement, Zeal Aqua Limited has provided a 100% Guarantee from NCGTC. Additionally, a charge is set to be created on existing securities and on assets that are to be generated under the ECLGS 5.0 scheme, which must occur within 90 days of the first disbursement.
The transaction details confirmed that neither Zeal Aqua Limited nor its management holds any significant rights over the financing entity, such as the right to appoint directors or restrict capital structure changes, and the relationship is not considered a related party transaction.
ZEAL Stock Price Movement
Shares of Zeal Global Services Limited are edging higher to ₹68.5 as of 3:08 PM today, having rallied by 5.96% off previous trading levels. The equity trades within its intraday bounds, currently moving between a low of ₹67 and a high of ₹68.5.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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