Zaggle Prepaid Ocean Services Limited Announces Key Developments at Board Meeting

Strategic Insights -

Zaggle Prepaid Ocean Services Limited, a prominent player in the prepaid services industry, recently held a board meeting on August 14, 2025, to discuss and approve several critical business matters. Notably, the company approved the allotment of 18,530 equity shares to eligible employees under the Zaggle Employee Stock Option Scheme 2022. This move aims to reward employees and further solidify the company's commitment to their growth and development. Additionally, the board approved the appointment of M/s. V SESHU MURTY & Co as the Secretarial Auditor of the Company for a term of five consecutive years, subject to approval from the members at the ensuing Annual General Meeting.

Key Takeaways:

  • The Board of Directors of Zaggle Prepaid Ocean Services Limited approved the allotment of 18,530 equity shares to eligible employees under the Zaggle Employee Stock Option Scheme 2022.
  • These shares will rank pari-pasu with existing equity shares and have a face value of INR 1 each.
  • The company has already received in-principle approval from the BSE Limited and National Stock Exchange of India Limited for the Zaggle ESOP 2022 Scheme.
  • The issued, subscribed, and paid-up equity share capital of the company has increased from INR 13,42,35,492 to INR 13,42,54,022 due to the allotment of 18,530 equity shares.
  • The board approved the appointment of M/s. V SESHU MURTY & Co as the Secretarial Auditor of the Company for a term of five consecutive years, subject to approval from the members at the ensuing Annual General Meeting.
  • Mrs. Prerna Tandon (DIN: 09652432) was re-appointed as a Non-Executive Independent Director for a second term from September 26, 2025, to September 25, 2030.

Statistics:

  • 18,530 equity shares allotted to eligible employees under the Zaggle Employee Stock Option Scheme 2022.
  • The issued, subscribed, and paid-up equity share capital of the company increased from INR 13,42,35,492 to INR 13,42,54,022.
  • The face value of each equity share is INR 1.
  • The term of the Zaggle ESOP 2022 Scheme has no specific end date.
  • The board approved the appointment of M/s. V SESHU MURTY & Co for a term of five consecutive years.
  • The Second Annual General Meeting of the Company for the re-appointment of Mrs. Prerna Tandon (DIN: 09652432) is scheduled to be held on September 26, 2025.

Sources:

  • National Stock Exchange of India
  • Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
  • BSE Limited
  • National Stock Exchange of India Limited
  • SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024.