Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding allotment of 1058201 Warrants pursuant to Preferential Issue at its meeting held on December 16, 2025
ZAGGLE · price
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Awaiting price reaction for this filing.
Zaggle Prepaid Ocean Services has allotted 10,58,201 warrants to certain investors through a preferential issue at its board meeting held on December 16, 2025. Warrants give holders the right (but not obligation) to buy shares at a later date at a pre-agreed price. The preferential route means shares/warrants go to selected investors rather than the public. No pricing details, conversion terms, or identity of allottees were disclosed in this filing.
This is a dilution event — if the warrant holders exercise their right to convert warrants into shares, existing shareholders' stake will reduce proportionally. Watch for follow-up disclosures on conversion price and allottee details to gauge true dilution and whether the issue price is favourable.