Loan & Debt18 Jun 2026, 10:30 pm
Zeal Aqua Ltd Avails ₹10.88 Cr Credit Facility Under ECLGS
AI Summary
Zeal Aqua Ltd has secured a credit facility of ₹10,88,04,000 from Punjab National Bank under the Emergency Credit Line Guarantee Scheme (ECLGS). The funds are intended to meet the company's working capital and business operation requirements. The loan agreement, executed on June 18, 2026, with a sanction letter dated June 16, 2026, is secured by a second charge on existing credit facilities and assets created from the loan. The company confirmed no special rights are granted to the bank and that the transaction is not with a related party.
Key Highlights
- Zeal Aqua Ltd secures ₹10.88 Cr credit facility from PNB.
- Facility obtained under the Emergency Credit Line Guarantee Scheme (ECLGS).
- Funds to support working capital and business operations.
- Loan secured by a second charge on existing and new assets.
- Transaction is at arm's length and not with related parties.
Price Impact
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