RAN Ventures Acquires 1,00,000 Equity Shares of Zaggle Prepaid Ocean Services via Open Market

RAN Ventures Private Limited, a promoter group entity, has disclosed the acquisition of 1,00,000 equity shares of Zaggle Prepaid Ocean Services Limited through the open market on May 18, 2026. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was submitted to both BSE Limited and the National Stock Exchange of India Limited on May 19, 2026. The transaction was signed by Raj P Narayanan, Director of RAN Ventures Private Limited (DIN: 00410032).

Acquisition Details

The open market purchase of 1,00,000 equity shares represents 0.07% of the total share/voting capital and 0.07% of the total diluted share/voting capital of Zaggle Prepaid Ocean Services Limited. The equity share capital of the target company remained unchanged at 13,44,58,445 equity shares of Rs. 1/- each both before and after the acquisition. The total diluted share/voting capital after the acquisition stands at 13,55,16,646 equity shares of Rs. 1/- each.

Pre and Post-Acquisition Shareholding

The following table summarises RAN Ventures' shareholding position before and after the acquisition:

Metric: Before Acquisition After Acquisition Shares carrying voting rights: 5,93,66,789 5,94,66,789 % of total share/voting capital: 44.15% 44.23% % of total diluted share/voting capital: 43.81% 43.88% Warrants/convertible securities: 3,52,734 3,52,734 Total (including warrants): 5,97,19,523 5,98,19,523 % total (diluted): 44.07% 44.14%

Persons Acting in Concert (PAC)

As per Annexure-I filed alongside the disclosure, the following individuals and entities have been identified as Persons Acting in Concert (PAC) with RAN Ventures Private Limited in relation to this acquisition:

Raj P Narayanam — PAC

Avinash Ramesh Godkhindi — PAC

Quadigo Ventures LLP — PAC

Sumedha Rao — PAC

RAN Ventures Private Limited is confirmed as the acquirer and belongs to the promoter/promoter group of Zaggle Prepaid Ocean Services Limited.

Regulatory Compliance

The disclosure was filed in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were acquired through the open market, and the filing was addressed to the Listing Departments of both BSE Limited and the National Stock Exchange of India Limited. A copy was also submitted to the Company Secretary and Compliance Officer of Zaggle Prepaid Ocean Services Limited at its registered office in Nanakramguda Village, Ranga Reddy District, Telangana.

Zaggle Prepaid Ocean Services Limited has entered into a formal agreement with Bikaji Foods International Limited on May 15, 2026, as disclosed to stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement marks a new client addition for Zaggle's employee expense management and benefits platform, Zaggle Save.

Agreement Details

The disclosure, filed by Managing Director and Chief Executive Officer Avinash Ramesh Godkhindi, outlines the key terms and conditions of the contract. The following table summarises the material particulars of the agreement as disclosed in Annexure-A:

Parameter: Details Awarding Entity: Bikaji Foods International Limited Nature of Contract: Agreement Service to be Provided: Zaggle Save (Employee Expense Management & Benefits) Domestic / International: Domestic Contract Duration: 1 Year Promoter / Group Interest in Awarding Entity: No Related Party Transaction: No

Contract Value and Scope

The financial consideration under this agreement is variable in nature and cannot be ascertained at this stage. As per the disclosure, the quantum of SaaS/Software fee depends on the number of active users on the platform for the respective months, and the corresponding program fee will depend upon the actual spends done by the users over a period of time. Given this structure, a fixed contract value has not been disclosed.

Zaggle Save Platform

Under the terms of the agreement, Zaggle will deploy its Zaggle Save solution for Bikaji Foods International Limited. Zaggle Save is an employee expense management and benefits platform designed to streamline corporate spending and employee benefit programmes. The contract is classified as a domestic engagement, with no involvement of the promoter, promoter group, or group companies in the awarding entity, and it does not constitute a related-party transaction.

The agreement was executed on May 15, 2026, and the regulatory disclosure was made in accordance with SEBI Master Circular Ho/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

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