Zaggle Prepaid Ocean Services CTO Srikanth Gaddam Resigns Citing Personal Reasons

Zaggle Prepaid Ocean Services Limited has announced the resignation of its Chief Technology Officer, Mr. Srikanth Gaddam. The senior management official tendered his resignation on May 22, 2026, citing personal reasons for the decision. His last working day with the company is scheduled to be May 27, 2026, upon the closure of business hours.

The disclosure was made to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that necessary details regarding the change have been submitted as required under the regulations.

Details of the Resignation

The following table outlines the key particulars regarding the cessation of the senior management personnel:

Particulars	Details
Name	Mr. Srikanth Gaddam
Reason for change	Resignation
Date of cessation	May 27, 2026
Brief profile	Not Applicable

The resignation letter addressed to the company management formally confirmed the exit date and requested the initiation of standard exit formalities. The company has accepted the resignation and updated its records accordingly.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.96%	-5.08%	-17.61%	-43.26%	-49.64%	+36.12%

RAN Ventures Private Limited, a promoter group entity, has disclosed the acquisition of 30,000 equity shares of Zaggle Prepaid Ocean Services Limited through the open market on May 20, 2026. The disclosure was submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was signed by Raj P Narayanam, Director of RAN Ventures Private Limited.

Acquisition Details

The purchase of 30,000 equity shares represents 0.02% of the total share/voting capital and 0.02% of the total diluted share/voting capital of Zaggle Prepaid Ocean Services Limited. The equity share capital of the target company remained unchanged at 13,44,58,445 equity shares of Rs. 1/- each. The total diluted share/voting capital after the acquisition stands at 13,55,16,646 equity shares of Rs. 1/- each.

Pre and Post-Acquisition Shareholding

The following table summarises RAN Ventures' shareholding position before and after the acquisition:

Metric:	Before Acquisition	After Acquisition
Shares carrying voting rights:	5,95,16,789	5,95,46,789
% of total share/voting capital:	44.26%	44.29%
% of total diluted share/voting capital:	43.92%	43.94%
Warrants/convertible securities:	3,52,734	3,52,734
Total (including warrants):	5,98,69,523	5,98,99,523
% total (diluted):	44.18%	44.20%

Persons Acting in Concert (PAC)

As per Annexure-I filed alongside the disclosure, the following individuals and entities have been identified as Persons Acting in Concert (PAC) with RAN Ventures Private Limited: