Zaggle Prepaid Ocean Services to seek shareholder approval for MD & CEO re-appointment
Zaggle Prepaid Ocean Services is seeking shareholder approval for the re-appointment of Mr. Avinash Ramesh Godkhindi as MD & CEO for two years from May 7, 2026. The proposed annual remuneration includes ₹75 lakh basic salary, ₹10.09 lakh flexi-benefit, ₹22.28 lakh special allowance, ₹30 lakh variable pay, and ₹37.50 lakh housing perquisite.
The re-appointment of the Managing Director and CEO is a significant event for the company's strategic direction and stability, impacting its long-term operations and leadership.
The announcement is a routine corporate action regarding the re-appointment of a key management personnel and the associated remuneration. It does not contain any exceptionally positive or negative financial or operational news.
Zaggle Prepaid Ocean Services Limited has announced a postal ballot notice to seek shareholder approval for the re-appointment of Mr. Avinash Ramesh Godkhindi as Managing Director and Chief Executive Officer for a period of two years, commencing from May 07, 2026, until May 06, 2028. The e-voting period for this resolution will commence on April 05, 2026, at 09:00 a.m. (IST) and conclude on May 04, 2026, at 05:00 p.m. (IST). The results of the postal ballot are scheduled to be declared on or before May 06, 2026.
Mr. Godkhindi's proposed remuneration includes a basic salary of ₹75,00,000 per annum, a flexi-benefit component of ₹10,09,000 per annum, a special allowance of ₹22,28,463 per annum, an annual performance variable pay of ₹30,00,000, and perquisites such as housing worth ₹37,50,000 per annum, along with insurance premiums, provident fund, and gratuity as per company rules. His reappointment is based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors.
The company has engaged Kfin Technologies Limited to provide the e-voting facility. Shareholders are requested to cast their votes remotely. The notice also details the procedure for e-voting for both demat and physical mode shareholders.
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Zaggle Prepaid Ocean Services Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Zaggle Prepaid Ocean Services Limited. Read the original for the full detail.