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

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

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₹255.80

prior close

₹256.00

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.6%-1.5% vs market

IT Enabled Services peers, median of 74sector+0.7%-0.6% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.6 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.

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 74Pending

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

AI summary

Zaggle Prepaid Ocean Services Ltd has announced the results of a postal ballot where shareholders approved the re-appointment of Mr. Avinash Ramesh Godkhindi as Managing Director and Chief Executive Officer. The voting took place from April 5 to May 4, 2026, with 56.14% of total shares (75.48 million out of 134.46 million) participating. The resolution passed overwhelmingly with 99.9964% votes in favour and only 2,753 votes against. Both promoter groups (100% votes in favour) and institutional investors (100% votes in favour) supported the re-appointment.

Likely market impact

The re-appointment of the CEO through postal ballot with near-unanimous shareholder support is a positive signal indicating stability in company leadership. This routine governance matter should have minimal direct impact on the stock price as it maintains the status quo at the top.