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 .

Zaggle Prepaid Ocean Services Limited has announced key changes in its leadership structure following a board meeting held on April 03, 2026. The company disclosed the resignation of its Chief Financial Officer and the appointment of an interim replacement to ensure operational continuity.

Leadership Transition Details

The board meeting, which took place from 6:30 PM to 07:15 PM on April 03, 2026, addressed critical personnel changes in the company's key managerial positions. The decisions were made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Venkata Aditya Kumar Grandhi submitted his formal resignation letter to the Board of Directors, citing personal reasons for his departure. The board took note of his resignation effective from the close of business hours on April 03, 2026. In his resignation letter, he expressed gratitude to the Board and management for their support during his tenure as Chief Financial Officer.

New Interim CFO Profile

Mr. Rajesh Tummalaganti brings substantial financial expertise to his new role as Interim Chief Financial Officer. He is a certified member of The Institute of Chartered Accountants of India, New Delhi, with over 20 years of professional experience in finance.

His career began with Ernst & Young, providing him with a strong foundation in financial practices. He subsequently worked extensively in the online gaming industry, serving as a trusted partner to boards, promoters, and audit committees. His expertise spans multiple areas including:

• Strategic decision-making in investments and mergers & acquisitions
• Governance and cost optimization initiatives
• Financial governance and risk management
• Investor relations and regulatory compliance
• Ind-AS reporting and transfer pricing
• Secretarial compliance and corporate governance

Updated Key Managerial Personnel

Following these changes, the company has provided updated contact details for its key managerial personnel as required under regulatory guidelines:

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI Listing Regulations, ensuring transparency in material events affecting the company. The company has submitted the necessary documentation to both the National Stock Exchange of India Limited and BSE Limited, including detailed annexures as required under SEBI regulations.

The formal communication was signed by Company Secretary and Compliance Officer Hari Priya and submitted with complete documentation including Annexure-A containing detailed information about both the outgoing and incoming personnel. The transition ensures continuity in the company's financial operations while the board conducts its search for a permanent Chief Financial Officer.