Zaggle prepaid ocean services Limited has received recognition from Dun & Bradstreet as one of 'India's Leading ESG Entities' in their comprehensive report on environmental, social, and governance practices. The company announced this achievement to stock exchanges on March 30, 2026, highlighting its commitment to sustainable business practices.

ESG Recognition Details

The recognition comes through Dun & Bradstreet's report titled 'ESG Horizons: Now and Next 2026', which was officially released on March 13, 2026. This report identifies and features companies that have demonstrated excellence in environmental, social, and governance practices across India.

Regulatory Compliance

Zaggle Prepaid Ocean Services Limited formally notified both the National Stock Exchange of India Limited and BSE Limited about this recognition under Regulation 30 of the listing regulations. The intimation was signed by Hari Priya, Company Secretary and Compliance Officer, ensuring proper disclosure to stakeholders and regulatory authorities.

Significance of ESG Recognition

This recognition positions Zaggle among India's leading companies in terms of ESG compliance and sustainable business practices. The Dun & Bradstreet ESG report serves as a benchmark for companies demonstrating commitment to environmental responsibility, social impact, and strong governance frameworks. Being featured in this prestigious report reflects the company's dedication to sustainable growth and responsible business operations.

Zaggle prepaid ocean services Limited has received a significant income tax demand notice of Rs. 6,60,51,200 for the assessment year 2024-25, the company announced in a regulatory filing on March 26, 2026. The Notice of Demand was issued under Section 156 of the Income Tax Act 1961 by the Assessment Unit of the Income Tax Department.

Assessment Order Details

The income tax department passed an assessment order under Section 143(3) for Assessment Year 2024-25, making ad-hoc additions to the company's taxable income. The assessment order and subsequent demand notice were received by the company on March 25, 2026.

Company's Response Strategy

Zaggle Prepaid Ocean Services has outlined its plan to contest the demand notice through appropriate legal channels. The company will file an appeal against the demand notice before the Commissioner of Income Tax (Appeals) or the National Faceless Appeal Centre (NFAC).

Management has expressed confidence in their position, stating that based on their initial review and responses submitted, the company believes it has strong grounds to defend these positions and expects a favorable outcome.

Impact Assessment

The company has assessed that the demand notice will not materially impact its operations or financial activities. Key factors supporting this assessment include:

• The additions made by the income tax department are primarily ad-hoc in nature
• No material impact expected on financial, operational, or other business activities
• Strong grounds available for defense based on initial review
• Confidence in achieving a favorable resolution through the appeals process

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as per SEBI Master Circular requirements regarding the notice of demand and assessment order.

The announcement was signed by Hari Priya, Company Secretary and Compliance Officer, ensuring proper regulatory compliance and transparency with stakeholders regarding this significant tax matter.