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Zaggle Prepaid Ocean Services Limited has reappointed Mr. Avinash Ramesh Godkhindi as Managing Director and CEO for a two-year term starting May 07, 2026. The reappointment, approved by shareholders via postal ballot, ensures leadership continuity through May 06, 2028.
Zaggle Prepaid Ocean Services Limited announced the results of its postal ballot regarding the re-appointment of Mr. Avinash Ramesh Godkhindi as MD and CEO. The ordinary resolution was passed with 99.99% majority of votes in favour. The e-voting concluded on May 04, 2026, and the scrutinizer's report confirmed the approval.
Zaggle Prepaid Ocean Services Limited entered into a three-year agreement with The Supreme Industries Limited. Zaggle will provide its Propel reward platform for channel rewards and recognition. This contract expands Zaggle's corporate client base in the rewards and loyalty segment.
Zaggle Prepaid Ocean Services Limited has secured a 3-year agreement with The Federal Bank Limited. Zaggle will provide its 'Zaggle Save' platform for employee expense management and benefits. While the total contract value is variable based on platform usage and user spend, this partnership strengthens Zaggle's presence in the banking sector.
Zaggle Prepaid Ocean Services Limited has entered into a three-year agreement with The Federal Bank Limited. Under the contract, Zaggle will provide its 'Zaggle Save' employee expense management and benefits platform to the bank. This partnership strengthens Zaggle's presence in the banking sector and provides three years of revenue visibility.
Zaggle Prepaid Ocean Services secured a 2-year agreement with Generali Central Insurance Company Limited. Zaggle will provide its Zoyer Platform to the domestic insurer. The contract value is variable, depending on monthly active users and platform spend levels over the execution period.
Zaggle Prepaid Ocean Services Limited has entered into a two-year agreement with Generali Central Insurance Company Limited. Zaggle will provide its Zoyer Platform to the insurer. This contract win demonstrates continued adoption of Zaggle's fintech solutions by major domestic corporate entities.
Zaggle Prepaid Ocean Services Limited has issued a Postal Ballot notice to seek shareholder approval for the re-appointment of Mr. Avinash Ramesh Godkhindi as MD and CEO. The proposed tenure is for two years, effective May 7, 2026. Voting concludes on May 4, 2026.
Zaggle Prepaid Ocean Services Ltd has issued a postal ballot notice seeking shareholder approval for the re-appointment of Mr. Avinash Ramesh Godkhindi as MD & CEO for two years effective May 7, 2026. The electronic voting period commences April 5, 2026, and concludes May 4, 2026.
Zaggle Prepaid Ocean Services Limited has cancelled its proposed acquisition of a 51% stake in Effiasoft Private Limited for ₹41.31 Crore. The Board reassessed the strategic need and decided not to proceed with the transaction. The acquisition was originally announced on March 27, 2025.
Zaggle Prepaid Ocean Services Ltd announced the approval of two special resolutions via postal ballot. Shareholders approved extending the Zaggle Employee Stock Option Scheme 2022 to employees of subsidiary and associate companies. Both resolutions passed with the requisite majority on April 01, 2026.
Zaggle Prepaid Ocean Services announced that CFO Venkata Aditya Kumar Grandhi will resign effective April 3, 2026. Rajesh Tummalaganti, a Chartered Accountant with over 20 years of experience, will succeed him as Chief Financial Officer on April 4, 2026. This leadership transition aims to support the company's strategic financial governance and growth.
Zaggle Prepaid Ocean Services announced the resignation of CFO Venkata Aditya Kumar Grandhi effective April 3, 2026. The board approved Rajesh Tummalaganti as Interim CFO starting April 4, 2026. This leadership transition ensures continuity in financial management until a permanent successor is appointed.
Zaggle Prepaid Ocean Services Limited has decided not to proceed with the acquisition of a 51% stake in Effiasoft Private Limited. The Board of Directors reassessed the strategic need for the acquisition and opted to cancel the deal originally proposed in March 2025.
Zaggle Prepaid Ocean Services Limited announced the resignation of CFO Mr. Venkata Aditya Kumar Grandhi effective April 3, 2026. The Board approved the appointment of Mr. Rajesh Tummalaganti as Interim CFO starting April 4, 2026. These leadership changes ensure continuity while the company searches for a permanent replacement.
Zaggle Prepaid Ocean Services invested ₹50 Crore in its wholly-owned subsidiary, Rivpe Technology Private Limited (RTPL). The investment was made via a rights issue allotment of 3,42,147 equity shares. RTPL continues to remain a wholly-owned subsidiary of the company with no change in shareholding percentage.