Zeal Aqua has accepted the resignation of M/s. JDM and Associates LLP (LLPIN: ACO-1243) from the position of Secretarial Auditor, effective July 30, 2026. The practising company secretaries tendered their resignation due to pre-occupation with other professional assignments, a move that requires the company to initiate the appointment process for a new auditor to fill the casual vacancy.

The disclosure was made pursuant to Regulation 30 read with Para A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The company submitted the intimation to BSE Limited on July 30, 2026, confirming that the cessation of services took effect on the same date.

Resignation Details

M/s. JDM and Associates LLP served as the Secretarial Auditor for Zeal Aqua Limited until July 30, 2026. The firm’s decision to step down was communicated via email and letter dated July 30, 2026. The resignation is attributed solely to the firm's engagement in other professional assignments, with no adverse comments or qualifications noted in the filing.

Next Steps

Zeal Aqua Limited stated that it will initiate the process for appointing a new Secretarial Auditor to fill the casual vacancy. This appointment will be made in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder. The company indicated that details of the new appointment will be intimated to the Stock Exchange in due course.

The disclosure was signed by Anita Digbijay Paul, Company Secretary & Compliance Officer, from Surat. The filing also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, regarding the format of such disclosures.

zeal aqua has availed a credit facility aggregating to ₹5.47 crore from Axis Bank Limited under the Emergency Credit Line Guarantee Scheme (ECLGS). The Working Capital Term Loan, sanctioned on June 22, 2026, and executed on July 4, 2026, is intended to meet the working capital and business operation requirements of the company. The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The loan agreement involves Zeal Aqua Limited as the borrower and Axis Bank Limited, Ghod-Dhod Road, Surat, as the lender. The total amount of the loan granted is ₹5.47 crore, with no outstanding amount reported at the time of the disclosure. The transaction is not with related parties, and no special rights, such as the right to appoint directors, were included in the agreement.

Security for the loan includes a 100% guarantee from the National Credit Guarantee Trustee Company (NCGTC). Additionally, a charge will be created on existing securities, both primary and collateral, as well as on assets to be created out of the loan under ECLGS 5.0. This charge is required to be established within 90 days from the date of the first disbursement.

Key Loan Details