Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding Notice of Postal Ballot

Board & Shareholder Meetings View source PDF

ZAGGLE · price

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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

-2.5%1-day move

₹234.69

prior close

₹230.00

base price

After-mkt

timing

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-2.2-2.4-3.5-3.3-2.5+6.8+7.6+7.2+6.5+12.9+8.6+9.0-16.6-10.7

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AI summary

Zaggle Prepaid Ocean Services Limited is seeking shareholder approval via postal ballot for the re-appointment of Mr. Avinash Ramesh Godkhindi as Managing Director and CEO for a fresh 2-year term from May 07, 2026 to May 06, 2028. His proposed annual remuneration totals approximately Rs 1.75 crore, comprising basic salary (Rs 75 lakh), flexi benefits (Rs 10.09 lakh), special allowance (Rs 22.28 lakh), variable pay (Rs 30 lakh), and housing (Rs 37.5 lakh). He has been with the company since 2012 and currently holds 76,75,379 equity shares. Last drawn remuneration for FY 2025-26 was Rs 1.10 crore. E-voting runs from April 5, 2026 to May 4, 2026, with results to be declared by May 6, 2026.

Likely market impact

Shareholders should approve this resolution as it ensures continuity of leadership at the company. The CEO's substantial shareholding aligns his interests with shareholders. The remuneration appears reasonable for a listed fintech company CEO.