Announced Wed, 13 May · 17:26 IST

Intimation for cessation of Interim Chief Financial Officer

Cfo ResignedKmp ResignedManagement Changes View source PDF

ZAGGLE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-24.9%1-day move
₹279.50
prior close
₹265.00
base price
After-mkt
timing
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-3.2-3.2-3.0-10.0-24.9-21.6-21.4-24.0-23.9-21.9-28.4-24.6-23.8
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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.