Announced Wed, 13 May · 17:25 IST

Zaggle Prepaid Ocean Services Limited has informed the Exchange about the appointment of Group Chief Financial Officer and cessation of Interim Chief Financial Officer

Kmp ResignedManagement Changes View source PDF

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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
-24.9%1-day move
₹279.50
prior close
₹265.00
base price
After-mkt
timing
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-3.2-3.2-3.0-10.0-24.9-21.6-21.4-24.0-23.9-21.9-28.4-24.6-23.8
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AI summary

Zaggle Prepaid Ocean Services Limited has announced the appointment of Mr. Venkatesh Ramachandran as Group Chief Financial Officer (KMP and Senior Management) effective May 18, 2026. He is a seasoned finance professional with over 27 years of experience across pharmaceuticals, life sciences, logistics, IT services, and other sectors, most recently serving as CFO at Biological E. Limited. Concurrently, Mr. Rajesh Tummalaganti, who was serving as Interim CFO, will cease that role effective May 17, 2026, upon closure of business hours. However, Mr. Tummalaganti will continue with the Company as Deputy Chief Financial Officer. The appointment follows recommendation by the Nomination and Remuneration Committee and Audit Committee.

Likely market impact

The transition from interim to permanent CFO indicates management stability. The new Group CFO brings extensive experience in strategic finance, M&A, and governance, which could strengthen financial oversight. Mr. Tummalaganti's continued role as Deputy CFO suggests a smooth handover without disruption.