StockWatch
·
Seafood
Loan & Debt29 May 2026, 02:51 am

Zeal Aqua secures ₹10 Cr credit facility from Bank of India

AI Summary

Zeal Aqua Limited has approved and availed credit facilities aggregating to ₹10 Crores from Bank of India under the Emergency Credit Line Guarantee Scheme (ECLGS/ECGL). This loan is specifically intended to meet the company's working capital requirements. The agreement details confirm that no fresh security was provided by the company, as the loan is backed by a Government of India guarantee under the scheme. The sanction letter for this facility was dated May 27, 2026. This financial arrangement aims to bolster the company's operational liquidity.

Key Highlights

  • Zeal Aqua secured ₹10 Crores credit facility.
  • Loan availed from Bank of India under ECLGS.
  • Funds are for working capital requirements.
  • No fresh security provided; GOI guarantees the loan.