Zaggle Prepaid Ocean Services Limited has entered into a strategic agreement with Generali Central Insurance Company Limited to provide platform services, the company announced in a regulatory filing. The agreement was disclosed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

Agreement Details

The partnership involves Zaggle providing its Zaggle Zoyer Platform services to Generali Central Insurance Company Limited, formerly known as Future Generali India Insurance Company Limited. This domestic contract represents a significant business development for Zaggle's platform services division.

Regulatory Compliance

The agreement disclosure was made in compliance with SEBI regulations, specifically referencing the Master Circular Ho/49/14/14(7)2025-CFD-POD2/I/3762/2026. The company confirmed that this arrangement does not constitute a related party transaction and involves no promoter group interests.

Key Transaction Characteristics

The agreement demonstrates several important aspects of Zaggle's business expansion:

• Arms-length transaction: No related party involvement ensures independent commercial terms
• Domestic focus: Agreement with Indian insurance entity strengthens local market presence
• Platform-based service: Leverages Zaggle's technology infrastructure for insurance sector applications
• Medium-term commitment: Two-year duration provides stable revenue visibility

Corporate Governance

The announcement was signed by Avinash Ramesh Godkhindi, Managing Director and Chief Executive Officer, ensuring proper corporate authorization. The disclosure follows standard regulatory protocols for material agreements, maintaining transparency with stakeholders and stock exchanges.

This partnership with Generali Central Insurance represents Zaggle's continued expansion in providing fintech platform solutions to the insurance sector, leveraging its technological capabilities to serve enterprise clients.

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.