The Board of Directors of Zaggle Prepaid Ocean Services Limited has approved the allotment of 6,478 equity shares, fully paid-up, to eligible employees under the Zaggle Employee Stock Option Scheme 2022. This allotment took place on February 12, 2026. Following this issuance, the company’s total issued, subscribed, and paid-up equity capital has increased to INR 13,44,58,445 (13,44,58,445 shares).
Outcome of the Board Meeting: ESOP Allotment
Zaggle Prepaid Ocean Services Limited has announced the successful outcome of its Board Meeting held on Thursday, February 12, 2026. Following the recommendation of the Nomination and Remuneration Committee, the Board sanctioned the allotment of equity shares to eligible employees upon the exercise of vested options.
Details of the Share Allotment
The primary decision confirmed today was the allotment of shares under the Zaggle Employee Stock Option Scheme 2022. The specific details are summarized below:
- Scheme Title: Zaggle Employee Stock Option Scheme 2022
- Number of Shares Allotted: 6,478 equity shares
- Face Value: INR 1/- each
- Status: Fully paid-up
The allotted shares will rank pari-passu, in all respects, with the existing equity shares of the Company. The meeting commenced at 2:30 PM (IST) and concluded at 03:45 PM (IST) on the announcement date.
Impact on Share Capital
This allotment results in an increase in the company’s issued, subscribed, and paid-up equity share capital. The capital structure has moved:
- From: INR 13,44,51,967 (13,44,51,967 shares)
- To: INR 13,44,58,445 (13,44,58,445 shares)
The shares issued have a distinctive number range from 13,44,51,968 to 13,44,58,445 (both inclusive) and carry the ISIN INE07K301024. The exercise price per share was noted as Rs. 164, with a premium per share of Rs. 163.
Compliance and Disclosure
The company confirmed that it has already secured in-principle approval from both the BSE Limited and the National Stock Exchange of India Limited for the ESOP Scheme 2022. Necessary disclosures as required by the relevant regulations have been prepared and enclosed as Annexure-A for recordkeeping purposes.
Source: BSE
