Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding allotment of 197945 securities pursuant to ESOP/ESPS at its meeting held on November 11, 2025
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Zaggle Prepaid Ocean Services Limited has allotted 197,945 equity shares to its employees pursuant to its Employee Stock Option Plan (ESOP) / Employee Stock Purchase Scheme (ESPS). The allotment was approved at a board meeting held on November 11, 2025. This is a routine corporate action where the company issues new shares to employees as part of their compensation or incentive plans. As a result, the total outstanding share count of the company will increase marginally.
Marginal dilution for existing shareholders due to the issuance of new shares. ESOP allotments are generally neutral to slightly positive, as they signal employee retention and alignment of staff interests with shareholders.