Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding Cessation of Mr Virat Sunil Diwanji as Non- Executive Director of the company w.e.f. September 29, 2025.
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Mr. Virat Sunil Diwanji (DIN: 07021146) has resigned as Non-Executive Non-Independent Director of Zaggle Prepaid Ocean Services Limited, effective September 29, 2025. He also stepped down from the Nomination and Remuneration Committee/Compensation Committee. In his resignation letter, he cited the demanding nature of his current role as National Head - Consumer Banking and Senior Management Personnel at Federal Bank Limited, which left him unable to devote adequate time to the Zaggle board. The resignation was voluntary and no governance concerns were flagged.
This is a routine non-executive director exit driven by personal time constraints at another professional commitment. It is unlikely to materially affect operations or shareholder value, though investors may note a minor change in board composition.