Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2026.
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The Board of Directors of Zaggle Prepaid Ocean Services Limited approved the appointment of Mr. Venkatesh Ramachandran as Group Chief Financial Officer effective May 18, 2026. Mr. Venkatesh brings over 27 years of finance experience across pharmaceuticals, life sciences, logistics, IT services, and other sectors, most recently serving as CFO at Biological E. Limited. Concurrently, Mr. Rajesh Tummalaganti will cease as Interim CFO from May 17, 2026 (end of business hours) but will continue in the newly designated role of Deputy Chief Financial Officer. The appointment follows recommendations from the Nomination and Remuneration Committee and Audit Committee.
The appointment of an experienced CFO from a pharmaceutical major strengthens the finance leadership. The smooth transition from interim to permanent CFO, with the interim holder retaining a senior finance role, suggests an orderly handover rather than any governance concerns.