Zaggle Prepaid Ocean Services Limited has announced a postal ballot notice to seek shareholder approval for extending the benefits of its Employee Stock Option Scheme 2022 to employees of subsidiary and associate companies. The notice, dated March 2, 2026, outlines two special business matters requiring shareholder consent through remote electronic voting.

Postal Ballot Details

The company has scheduled the e-voting process with specific timelines and procedures for shareholder participation.

The postal ballot notice is being sent electronically to shareholders whose email addresses are registered with the company, depositories, or the registrar and transfer agent. Physical copies will not be distributed in accordance with MCA circulars.

Special Business Resolutions

The postal ballot covers two interconnected special resolutions related to the company's employee stock option scheme.

Item 1: ESOP Extension Authorization

The first resolution seeks approval to extend the benefits of Zaggle Employee Stock Option Scheme 2022 to present and future employees of subsidiary and associate companies, both in India and outside India. This amendment aims to create a sense of ownership and collaboration among employees across the group companies while supporting the company's growth trajectory.

Item 2: Stock Option Grants to Subsidiary Employees

The second resolution requests specific approval for granting employee stock options to eligible employees of subsidiary and associate companies under the existing scheme framework. This resolution complies with Regulation 6(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, which requires separate shareholder approval for such grants.

ESOP Scheme Details

The company's Employee Stock Option Scheme 2022 contains comprehensive provisions for employee participation and benefit distribution.

The scheme incorporates both time-based and performance-linked vesting criteria, with 40% of granted ESOPs vesting over four years in equal amounts and 60% vesting based on performance evaluation by the Compensation Committee.

Proposed Amendments

The company proposes several key amendments to the existing ESOP scheme to accommodate subsidiary and associate company employees. These changes include updating the definition of "Employee" to encompass workers from group companies, adding definitions for "Associate" and expanding "Subsidiary" definitions, and modifying grant procedures to align with current regulatory requirements.

The amendments also update the registered office address and remove certain post-listing conditions that are no longer applicable. The Compensation Committee will retain discretionary authority to determine vesting periods, conditions, and the proportion between time-based and performance-based vesting for different employee categories.

Rationale and Benefits

The company emphasizes that this expansion aligns with its objective to retain talent and motivate employees across the group structure. As Zaggle continues to grow through subsidiaries and associates, the amendment aims to create competitive remuneration opportunities and foster employee engagement throughout the organization.

The proposed changes are designed to not prejudice current option grantees while extending benefits to a broader employee base. The maximum number of options granted to both company and subsidiary employees will not exceed the total options approved under the existing scheme.

Voting Process

Shareholders can participate in the voting process through the e-voting platform provided by KFin Technologies Limited. The company has detailed specific login procedures for different categories of shareholders, including those holding securities in demat mode with NSDL or CDSL, and those holding physical shares.

Institutional shareholders must submit relevant board resolutions and authorization letters to the scrutinizer. The voting results will be communicated to stock exchanges and made available on the company's website and KFin Technologies' platform.

Source: None/Company/INE07K301024/6e27bd1e-950c-49df-a591-feb06550d98d.pdf

Zaggle Prepaid Ocean Services Limited has announced a new business partnership with Chennai Super Kings Cricket Limited, entering into an agreement to provide corporate expense card services to the popular cricket franchise.

Agreement Details

The company disclosed the partnership through a regulatory filing dated February 26, 2026, submitted to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

Service Scope

Under the terms of this agreement, Zaggle will offer its Corporate Expense cards specifically to employees and associates of Chennai Super Kings Cricket Limited. The partnership represents an expansion of Zaggle's corporate client base into the sports and entertainment sector.

The agreement is structured as a domestic client contract, with Chennai Super Kings Cricket Limited being the entity awarding the contract. The service provision will span a period of one year from the execution date.

Regulatory Compliance

Zaggle has confirmed that this partnership maintains full regulatory compliance standards:

• No promoter or promoter group companies have any interest in Chennai Super Kings Cricket Limited
• The contract does not fall within related party transaction categories
• The agreement has been executed at arm's length terms

The company filed the necessary disclosure documentation in accordance with SEBI Master Circular requirements, ensuring transparency in its business operations and partnerships.

Strategic Significance

This partnership with Chennai Super Kings Cricket Limited demonstrates Zaggle's continued efforts to expand its corporate expense management solutions across diverse industry verticals. The collaboration with one of the Indian Premier League's most prominent franchises could potentially enhance Zaggle's brand visibility in the sports sector while providing practical expense management solutions to the cricket team's operational workforce.