Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding Cessation of Mr Rajesh Tummalaganti as Interim Chief Financial Officer of the company w.e.f. May 17, 2026 upon closure of business hours
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Zaggle Prepaid Ocean Services Limited has announced a CFO transition effective May 17-18, 2026. Mr. Venkatesh Ramachandran has been appointed 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 retail sectors, most recently serving as CFO at Biological E. Limited. Concurrently, Mr. Rajesh Tummalaganti will cease to be Interim CFO effective May 17, 2026 upon closure of business hours, but will continue serving as Deputy Chief Financial Officer of the Company. The appointment was approved by the Board based on recommendations from the Nomination and Remuneration Committee and Audit Committee.
The appointment of an experienced external CFO with M&A, IPO, and capital markets expertise signals management's focus on strengthening financial governance. The Interim CFO's transition to Deputy CFO indicates continuity rather than a departure, which may limit negative market impact.