Announced Thu, 14 Aug · 17:08 IST

Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

ZAGGLE · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Zaggle's board, meeting on August 14, 2025, approved the allotment of 18,530 equity shares under the Zaggle ESOP 2022 scheme at exercise prices of INR 164 (6,603 shares) and INR 233 (11,927 shares), taking the total paid-up share capital from INR 13,42,35,492 to INR 13,42,54,022 (face value INR 1 each). The board also appointed M/s. V SeshU Murty & Co, Practicing Company Secretaries, as the new Secretarial Auditor for a five-year term starting from the 14th AGM (FY 2025-26) to the 19th AGM (FY 2029-30), subject to shareholder approval. Additionally, Mrs. Prerna Tandon (DIN: 09652432) was re-appointed as a Non-Executive Independent Director for a second consecutive five-year term from September 26, 2025 to September 25, 2030, subject to shareholder approval.

Likely market impact

All three items are routine corporate housekeeping with minimal stock impact. The ESOP allotment causes negligible dilution (about 0.001% of share capital). The new Secretarial Auditor appointment and continuity in independent directorship reinforce governance stability rather than signalling any concern.