Zaggle Prepaid Ocean Services Limited has announced the allotment of 10,58,201 convertible warrants following a Board Meeting held on December 16, 2025. Each warrant carries the right to subscribe to one equity share of face value ₹1 each at an issue price of ₹567 per warrant. The company received 25% of the issue price, amounting to ₹14,99,99,991.75, as subscription money. The warrants were allotted on a preferential basis to two entities: RAN Ventures Private Limited received 3,52,734 warrants for a subscription amount of ₹5,00,00,044.50, categorized under Promoter Group. Bennett Coleman and Company Limited was allotted 7,05,467 warrants for ₹9,99,99,947.25, categorized as Non-Promoter. These convertible warrants grant the allottees the right to apply for and be allotted an equal number of equity shares upon payment of the remaining 75% of the issue price within 18 months from the allotment date. The warrants are subject to a specified lock-in period as per SEBI regulations. The allotment of warrants does not currently alter the company's paid-up share capital. The Board meeting commenced at 12:30 P.M. (IST) and concluded at 12:50 P.M. (IST) on December 16, 2025.
