Intimation for cessation of Interim Chief Financial Officer

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

ZAGGLE · price

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Price reactionminutes from the announcement price · days from the prior close

-18.8%Reaction day

₹279.50

prior close

₹265.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%-19.0% vs market

IT Enabled Services peers, median of 72sector-0.6%-18.1% vs sector

On the reaction day the stock moved 19.0 pts less than Nifty Microcap 250 and 18.1 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.2

10m

-3.2

15m

-3.0

30m

-10.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-18.8+0.2-19.0-0.6-18.1

Next day

-24.9-0.1-24.7-1.7-23.2

-21.6-1.5-20.2-3.0-18.6

-21.4-1.0-20.3-2.6-18.7

-24.0-0.4-23.6-1.3-22.7

-23.9+0.6-24.5-1.4-22.4

-21.9+2.3-24.3-0.4-21.5

15d

-28.4+3.5-31.9-2.2-26.2

-24.6+5.6-30.2-3.2-21.4

-23.8+9.5-33.3-3.7-20.1

-27.9+13.3-41.2-4.9-23.0

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 72Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Zaggle Prepaid Ocean Services Ltd has appointed Mr. Venkatesh Ramachandran as Group Chief Financial Officer effective May 18, 2026. Concurrently, Mr. Rajesh Tummalaganti will cease to be Interim CFO from May 17, 2026 upon closure of business hours. However, Mr. Tummalaganti will continue serving as Deputy Chief Financial Officer of the Company. The new Group CFO brings over 27 years of experience, having previously served as CFO at Biological E. Limited and in senior finance roles at NTC Logistics, Aragen Life Sciences, and other companies across pharmaceuticals, logistics, IT services, and infrastructure sectors.

Likely market impact

This represents a routine CFO transition from interim to permanent status, with the interim CFO retaining a deputy role within the company. The appointment of an experienced finance professional with diverse sector experience may be viewed positively by investors.