
Loan & Debt9 Jun 2026, 08:11 pm
Zeal Aqua Ltd Secures ₹8.16 Cr Credit Facility from Indian Bank
AI Summary
Zeal Aqua Ltd has announced the approval and availing of credit facilities amounting to ₹8.16 Crores from Indian Bank. This facility is under the Emergency Credit Line Guarantee Scheme (ECLGS) and is intended to meet the company's working capital and business operation requirements. The loan agreement, executed on June 8, 2026, with a sanction letter dated June 6, 2026, is secured by a charge on the company's existing current and fixed assets. This move aims to bolster the company's operational liquidity.
Key Highlights
- Zeal Aqua Ltd secured ₹8.16 Cr credit facility from Indian Bank.
- Facility is under the Emergency Credit Line Guarantee Scheme (ECLGS).
- Funds will be used for working capital and business operations.
- Loan agreement executed on June 8, 2026.
- Loan is secured by company's assets.
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