Intimation of Voting Results and Scrutinizer''s Report- Postal Ballot

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

+2.0%1-day move

₹255.80

prior close

₹256.00

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AI summary

Zaggle Prepaid Ocean Services Ltd has announced the results of its Postal Ballot for re-appointing Mr. Avinash Ramesh Godkhindi as Managing Director and Chief Executive Officer. The resolution was passed as an Ordinary Resolution with overwhelming shareholder approval. Out of 134.46 million shares outstanding, 75.48 million votes were cast (56.14% turnout), with 99.9964% voting in favour and only 0.0036% against. Promoter and institutional shareholders gave 100% support, while public non-institutional shareholders voted 99.95% in favour. The e-voting period ran from April 5, 2026 to May 4, 2026, with the resolution deemed passed on May 4, 2026.

Likely market impact

This is a positive development confirming continued leadership stability. Near-unanimous shareholder approval (99.9964%) signals strong confidence in the current CEO's management. The stock should see neutral to mildly positive sentiment as no leadership uncertainty exists.