Zaggle Prepaid Ocean Services Limited has informed the stock exchanges of an amendment to its Customer Service Agreement with Honasa Consumer Limited, originally executed on February 24, 2025. The disclosure was made on May 08, 2026, in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular dated January 30, 2026. The amendment marks a continuation of the business relationship between the two companies that was first announced via letter No. ZAGGLE/24-25/172 dated February 25, 2025.

Amendment Details

The key details of the amendment, as disclosed in Annexure-A filed with the exchanges, are summarised below:

Platform Enhancement Under the Amendment

Under the terms of the amendment, Zaggle Prepaid Ocean Services will provide additional features within its existing Zaggle Zoyer Platform to Honasa Consumer Limited. The amendment builds upon the original Customer Service Agreement and expands the functional capabilities available to Honasa Consumer Limited through the platform. No financial terms or contract value were disclosed as part of this regulatory filing.

Regulatory Disclosure

The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited by Avinash Ramesh Godkhindi, Managing Director and Chief Executive Officer of Zaggle Prepaid Ocean Services Limited. The filing was made in compliance with applicable SEBI listing regulations, ensuring timely disclosure of material contractual developments to the investing public.

Zaggle Prepaid Ocean Services Limited has successfully concluded its postal ballot remote e-voting process, with shareholders approving the re-appointment of Mr. Avinash Ramesh Godkhindi (DIN: 05250791) as Managing Director and Chief Executive Officer of the Company for a period of two years, commencing from May 07, 2026 and up to May 06, 2028 (both days inclusive). The re-appointment was based on the recommendations of the Audit Committee and the Nomination and Remuneration Committee, and as approved by the Board of Directors. The resolution is deemed to have been passed on May 04, 2026, the last date specified for receipt of votes through the remote e-voting process. The Company had engaged KFin Technologies Limited, its Registrar and Transfer Agents, to facilitate the e-voting platform for its members.

Postal Ballot Resolution Details

The postal ballot was conducted pursuant to Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Postal Ballot Notice was dated April 03, 2026, and the e-voting window was open from Sunday, April 05, 2026 at 09:00 am (IST) to Monday, May 04, 2026 at 05:00 pm (IST). The cut-off date for determining eligible shareholders was March 27, 2026.

Voting Results Breakdown

The resolution received strong support across all shareholder categories. A total of 75,484,848 votes were polled out of 134,458,445 total shares held, representing a polling percentage of 56.1399%. The detailed category-wise voting results are presented below.

Scrutinizer's Findings

S.S. Reddy & Associates, Practicing Company Secretaries, were appointed as the Scrutinizer by the Board of Directors to oversee the postal ballot process. The firm confirmed that the remote e-voting results were unblocked on May 04, 2026 at 5:24 pm in the presence of two independent witnesses — Nandini Bang and Ummati Rathi, both from Hyderabad. The Scrutinizer's Report is dated May 06, 2026.

The vote summary as reported by the Scrutinizer is as follows:

Additionally, 6 shareholders holding 2,751 equity shares abstained from voting. The Scrutinizer confirmed that the Ordinary Resolution was passed with the requisite majority. The voting results along with the Scrutinizer's Report have been uploaded on the Company's website at www.zaggle.in and on the RTA's website at https://evoting.kfintech.com . The intimation was submitted to the stock exchanges on May 06, 2026, signed by Hari Priya, Company Secretary and Compliance Officer, and counter-signed by Dr. Raj P Narayanam, Executive Chairman (DIN: 00410032).

Profile of the Re-appointed MD & CEO

Mr. Avinash Ramesh Godkhindi has been on the Board of the Company since May 07, 2012. He holds a Master's Degree in Business Administration from Booth School of Business, University of Chicago, and a bachelor's degree in engineering from Bangalore University, Bengaluru. He has also completed a certificate program titled Chief AI Officer by Cornell University. Prior to his current role, he worked as an Assistant Vice President at Citibank N.A., India.

His areas of expertise span Industry Knowledge in Financial Technology & Banking, Innovation, Technology and Digitization, Product Management, Marketing, Growth, Partnerships, Risk Management and Strategic Expertise, Governance, Leadership, Environmental and Social Sustainability, and General Management. His recent accolades include:

• "ET India's Impactful CEO Award 2025" in the Soonicorn Category by Economic Times on December 18, 2025
• "CEO of the Year Award" at the ET Now Business Leader of the Year Awards on February 16, 2026
• "India's Most Influential CEO Award" at the NSE India Think Tank Summit & Awards 2026 on January 20, 2026

The key details of the re-appointment are summarised below: