5439852026-04-035439852026-04-032026-04-03Zaggle Prepaid Ocean Services LimitedZAGGLEUpdate2026-04-032025-03-272026-04-032026-04-03Zaggle Prepaid Ocean Services Limited (Company), approved the acquisition of 45.33% stake in Effiasoft Private Limited (Effiasoft), from Mr. Koushik Shee and Mr. Akula Krishna Rao, existing shareholders, for consideration of Rs. 36.72 Crores. Further, the Board has also considered the proposal for the acquisition of 5.67% stake in Effiasoft from Mr. Koushik Shee and Mr. Akula Krishna Rao, existing shareholders for consideration of Rs. 4.59 Crores. The mode of acquisition (cash consideration / shares swap) will be determined by the Board at a later stage.Transaction CancellationReason for cancellationThe Board of Directors of Zaggle Prepaid Ocean Services Limited (Zaggle) at its meeting held on April 3, 2026, has, inter alia, reassessed the strategic need for the proposed acquisition and decided not to proceed with said acquisition.