Zaggle Prepaid Ocean Services Limited has issued a postal ballot notice dated April 04, 2026, seeking shareholder approval for the re-appointment of its Managing Director and Chief Executive Officer. The company has engaged KFin Technologies Limited as the Registrar and Transfer Agent to facilitate the electronic voting process.

Newspaper Publication Compliance

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its postal ballot notice in newspapers on March 05, 2026. The advertisement appeared in Financial Express (English) and Prajasakti (Telugu), providing voting information to shareholders.

E-voting Schedule and Process

The remote electronic voting will be conducted exclusively through the e-voting platform provided by KFin Technologies Limited. The voting schedule has been structured as follows:

Shareholders whose names appear on the Register of Members or Register of Beneficial Owners as on the cut-off date and have registered email addresses will be eligible to participate in the voting process. The company has appointed Mr. S Sarweswara Reddy from M/s. S. S. Reddy and Associates, Practicing Company Secretaries, Hyderabad, as the Scrutinizer for conducting the postal ballot.

CEO Re-appointment Details

The special business item seeks approval for the re-appointment of Mr. Avinash Ramesh Godkhindi (DIN: 05250791) as Managing Director and Chief Executive Officer for a period of 2 years commencing from May 07, 2026, until May 06, 2028. Mr. Godkhindi has been serving on the Board since May 07, 2012 and holds a Masters' Degree in Business Administration from Booth School of Business, University of Chicago.

Recent Achievements

Mr. Godkhindi has received several notable recognitions:

• "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

Proposed Remuneration Structure

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, has proposed the following compensation package:

The variable pay component will be determined annually based on employee performance, department performance, and overall company performance. Additional benefits include gift allowances and Leave Travel Allowance (LTA) paid annually.

Shareholding and Board Participation

Mr. Godkhindi currently holds 76,75,379 equity shares of face value Rs. 1/- each in the company. During the financial year 2025-26, he attended 8 Board meetings and drew remuneration of Rs. 1,10,35,232/- as Managing Director and Chief Executive Officer. He also serves as a director on several other boards including Span Across IT Solutions Private Limited, Mobileware Technologies Private Limited, and Zaggle Payments IFSC Limited.

Voting Instructions and Contact Information

Shareholders can access the e-voting facility at https://evoting.kfintech.com using their registered credentials. The company has made arrangements for shareholders to register their email addresses through the Registrar and Transfer Agent. For technical assistance, shareholders can contact KFin Technologies Limited at their toll-free number 1800-309-4001 or email Einward.ris@kfintech.com .

The postal ballot notice and related documents are available on the company's website at www.zaggle.in and on the websites of BSE Limited and National Stock Exchange of India Limited where the company's equity shares are listed.

Zaggle Prepaid Ocean Services Limited has successfully completed its postal ballot process for expanding the Employee Stock Option Scheme 2022 to cover employees of subsidiary and associate companies. The company submitted the official voting results and scrutinizer's report to stock exchanges on April 03, 2026, confirming overwhelming shareholder approval for both special resolutions.

Official Postal Ballot Results

The postal ballot process concluded on April 01, 2026, with both special resolutions securing requisite majority approval. The e-voting period commenced on March 03, 2026 at 09:00 am IST and concluded on April 01, 2026 at 05:00 pm IST, facilitated by KFin Technologies Limited as the Registrar and Transfer Agent.

Resolution-wise Voting Breakdown

Both special resolutions were approved with nearly identical voting patterns, demonstrating strong shareholder support for the ESOP expansion initiative.

Resolution 1: ESOP Scheme Extension

The first resolution sought approval for extending benefits of Zaggle Employee Stock Option Scheme 2022 to present and future employees of subsidiary and associate companies.

Resolution 2: Stock Option Grant Authorization

The second resolution approved granting employee stock options to subsidiary and associate company employees in India and internationally under the existing scheme.

Scrutinizer's Report and Compliance

S.S Reddy & Associates served as the appointed scrutinizer for the postal ballot process, confirming that both resolutions were passed with requisite majority as per the Companies Act, 2013. The scrutinizer's report dated April 03, 2026 verified the voting process was conducted in a fair and transparent manner.

The voting results were unblocked on April 01, 2026 at 6:45 pm in the presence of two independent witnesses. The company completed dispatch of the postal ballot notice on March 02, 2026 through electronic mode to eligible shareholders, with advertisements published in Financial Express (English) and Prajasakti (Telugu) newspapers on March 03, 2026.

Strategic Implementation

The approval enables Zaggle to extend stock option benefits across its group companies, both domestically and internationally. This expansion of the ESOP framework is expected to enhance employee retention and motivation across the organization's subsidiary and associate companies. The resolutions were deemed passed on April 01, 2026, with the voting results and scrutinizer's report uploaded on the company's website at www.zaggle.in and the RTA's website at https://evoting.kfintech.com .