Zaggle Prepaid Ocean Services Limited , a prominent player in the prepaid services sector, recently held an Extraordinary General Meeting (EGM) that saw shareholders approving a significant corporate action. The meeting, conducted through video conferencing on October 31, 2025, focused on the issuance of convertible warrants on a preferential basis.

Key Highlights of the EGM

• Date and Time: The EGM took place on October 31, 2025, from 10:30 AM to 11:10 AM IST.
• Voting Process: Shareholders participated through remote e-voting (October 28-30, 2025) and e-voting during the meeting.
• Resolution Outcome: The special resolution for issuing convertible warrants was passed with an overwhelming majority.

Voting Results

The voting results, as reported by the scrutinizer S.S. Reddy Associates, revealed strong support for the resolution:

Shareholder Participation

• Total Shareholders: 117,505 (as of the record date)
• EGM Attendance: 48 shareholders attended via video conferencing
  • 4 from Promoter and Promoter Group
  • 44 from Public

Detailed Voting Breakdown

The strong approval for the issuance of convertible warrants indicates shareholder confidence in Zaggle Prepaid Ocean Services' strategic direction. This move could potentially provide the company with additional capital for future growth initiatives.

Investors and market watchers may keep a close eye on how the company utilizes this approval and the potential impact on its financial structure and growth strategy in the coming months.

Zaggle Prepaid Ocean Services Limited , a fintech company specializing in corporate expense management solutions, has entered into a strategic agreement with Hitachi Cash Management Services Private Limited. The deal, which spans three years, will see Zaggle providing its Zaggle Propel service to Hitachi Cash Management Services.

Key Details of the Agreement

Significance of the Deal

This partnership marks a significant milestone for Zaggle as it expands its client base to include a prominent player in the cash management services sector. Hitachi Cash Management Services, a subsidiary of the global conglomerate Hitachi, is known for its innovative solutions in cash and digital payment management.

The Zaggle Propel service, which will be provided under this agreement, is likely to enhance Hitachi's cash management capabilities. While specific details about Zaggle Propel were not disclosed, it is expected to align with Zaggle's core competencies in expense management and prepaid solutions.

Corporate Governance and Transparency

In compliance with regulatory requirements, Zaggle has promptly disclosed this agreement to the stock exchanges. The company has confirmed that the deal does not fall under related party transactions and that there is no interest from promoters or group companies in Hitachi Cash Management Services.

Leadership Involvement

The agreement was signed by Avinash Ramesh Godkhindi, the Managing Director and Chief Executive Officer of Zaggle, underscoring the strategic importance of this partnership for the company.

Market Implications

While the financial terms of the deal were not revealed, this collaboration with a subsidiary of a global technology leader could potentially boost Zaggle's market position and credibility in the fintech space. It may also open doors for further expansion and partnerships in the cash management sector.

As the fintech landscape continues to evolve, partnerships between innovative service providers like Zaggle and established players like Hitachi Cash Management Services are likely to shape the future of financial technology solutions in India.

Investors and industry observers will be keen to see how this partnership unfolds and what impact it may have on Zaggle's growth trajectory in the coming years.