Zaggle Prepaid Ocean Services Limited announced the re-designation of Mr. Arun Vijaykumar Gupta from Non-Executive Independent Director to Non-Executive Non-Independent Director. This change, effective August 14, 2026, is subject to shareholder approval. Mr. Gupta, who holds over 30 years of experience, is not related to other company directors. The company also confirmed he has not been debarred from holding a director’s office.
Directorial Re-designation at Zaggle
Zaggle Prepaid Ocean Services Limited has officially communicated a significant change in its board composition. Following a recommendation from the Nomination and Remuneration Committee, the Board of Directors, in its meeting held on Friday, August 14, 2026, approved the re-designation of Mr. Arun Vijaykumar Gupta (DIN 05131228). Mr. Gupta will transition from his role as a Non-Executive Independent Director to a Non-Executive Non-Independent Director.
Effective Date and Shareholder Approval
This change in directorial status is effective from August 14, 2026. However, the re-designation is contingent upon the subsequent approval of the Company’s shareholders. The announcement also stated that Mr. Arun Vijaykumar Gupta is liable to retire by rotation, a standard corporate governance practice.
Director’s Background and Compliance
Mr. Arun Vijaykumar Gupta brings extensive experience to the board, holding a Bachelor’s degree in Commerce and possessing over 30 years of experience across IT, media, and consumer industries. His expertise spans Private Equity, Merger and Amalgamation, Business Development, Marketing, Growth, Partnerships, Strategic Expertise, Governance, Leadership, and General Management. The company has confirmed that Mr. Gupta has not been debarred from holding the office of Director by any SEBI Order or other authority, aligning with securities regulations.
Board Meeting Details
The Board meeting where this decision was made commenced at 2:15 PM IST and concluded at 3:56 PM IST on August 14, 2026. Details as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been provided in an annexure to this disclosure.
Source: BSE
