Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding allotment of 18530 securities pursuant to ESOP/ESPS at its meeting held on August 14, 2025
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On August 14, 2025, Zaggle Prepaid Ocean Services' board approved the allotment of 18,530 equity shares under the Zaggle Employee Stock Option Scheme 2022, at exercise prices of INR 164 (6,603 shares) and INR 233 (11,927 shares). This raised the company's paid-up equity capital from INR 13,42,35,492 to INR 13,42,54,022 (13.42 crore shares of INR 1 face value each). The board also appointed M/s. V Seshu Murty & Co as Secretarial Auditor for a five-year term (FY 2025-26 to 2029-30), subject to shareholder approval. Additionally, Mrs. Prerna Tandon (DIN: 09652432) was re-appointed as Non-Executive Independent Director for a second term of five years starting September 26, 2025, also pending shareholder approval.
The ESOP allotment is a very minor dilution (about 0.001% increase in share count) and is a routine employee incentive action, so impact on share price is negligible. The auditor appointment and director re-appointment are standard governance matters, signalling continuity and stability in the company's leadership and compliance framework.