Zaggle Prepaid Ocean Services Ltd

Zaggle Prepaid Ocean Services Ltd announced the resignation of its Chief Technology Officer, Mr. Srikanth Gaddam, effective May 27, 2026, due to personal reasons. This was disclosed in a filing with the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided details in Annexure-A, including Mr. Gaddam's name and the reason for his departure, along with a copy of his resignation letter.

RAN Ventures Private Limited, part of the Promoter Group of Zaggle Prepaid Ocean Services Limited, acquired 30,000 equity shares of Zaggle through open market purchase on May 20, 2026. This acquisition increases their total holding to 5,98,99,523 shares, representing 44.29% of the total share/voting capital after the acquisition. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

RAN Ventures Private Limited, part of the Promoter Group of Zaggle Prepaid Ocean Services Limited, acquired 50,000 equity shares of Zaggle from the open market on May 19, 2026. This acquisition increased RAN Ventures' total holding to 5,98,69,523 shares, representing 44.26% of the total share/voting capital of Zaggle after the acquisition. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

RAN Ventures Pvt Ltd, a promoter group entity of Zaggle Prepaid Ocean Services Ltd, acquired 1,00,000 equity shares of Zaggle through open market purchase on May 18, 2026. This acquisition increased RAN Ventures' holding to 5,94,66,789 shares, representing 44.23% of the total share capital. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Zaggle Prepaid Ocean Services Limited has entered into an agreement with Bikaji Foods International Limited on May 15, 2026, to provide Zaggle Save, an employee expense management and benefits solution. The agreement is for a period of 1 year. The value of the contract depends on the number of active users and their spending on the platform, making it difficult to ascertain the exact amount at this stage. The deal is a domestic agreement and does not involve any related party transactions.

Zaggle Prepaid Ocean Services Ltd's Monitoring Agency Report for the quarter ended March 31, 2026, reveals a deviation in the utilization of IPO proceeds. The company utilized ₹2.037 crore excess under GCP due to lower issue-related expenses, but requisite approvals are pending. CARE Ratings Limited, the monitoring agency, has issued the report, which has been reviewed by Zaggle's Audit Committee and Board of Directors. The report, in relation to the IPO aggregating to ₹392 crore, indicates that the utilization of net proceeds aligns with the IPO objectives, though there have been delays.

Zaggle Prepaid Ocean Services Ltd has appointed M/s. R Y M AND CO LLP, Chartered Accountants, as its Internal Auditor for the financial year 2026-27. The appointment was approved by the Board of Directors at a meeting held on May 13, 2026. R Y M AND CO LLP, based in Hyderabad, offers expertise in taxation, audit, business consultancy, IT, corporate laws, and financing.

Zaggle Prepaid Ocean Services Limited announced its audited financial results for FY26, reporting a revenue of ₹19,076.5 million, a 46.3% YoY increase. Adjusted EBITDA stood at ₹1,915.9 million, up 51.0% YoY, and Profit After Tax (PAT) reached ₹1,387.5 million, a 51.8% YoY rise. For Q4 FY26, revenue was ₹6,179.2 million (up 49.9% YoY), adjusted EBITDA was ₹604.6 million (up 62.4% YoY), and PAT was ₹406.0 million (up 30.4% YoY). The company completed acquisitions of Greenedge Enterprises and Rivpe Technology, entered the consumer retail credit card market, and established Zaggle Payments IFSC Ltd in GIFT City. Zaggle projects standalone revenue growth of 25–30% and consolidated revenue growth of around 40% for FY27.

Zaggle Prepaid Ocean Services Ltd. announced its standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. For the full financial year 2026, standalone revenue from operations surged to ₹18,528.12 Million, a significant increase from ₹13,026.46 Million in FY25. Profit for the year also saw substantial growth, reaching ₹1,328.55 Million compared to ₹874.80 Million in the previous year. Basic Earnings Per Share (EPS) for FY26 stood at ₹9.89, up from ₹6.96 in FY25. For the fourth quarter of FY26, standalone revenue from operations was ₹5,927.13 Million, and profit for the period was ₹377.70 Million, with a basic EPS of ₹2.81. The Statutory Auditor has issued an unmodified opinion on the financial statements for the year ended March 31, 2026.

Zaggle Prepaid Ocean Services Ltd. has completed the acquisition of Dice Enterprises Private Limited by entering into Asset Purchase Agreement – Contracts, Intellectual Property Assignment Agreement and Asset Purchase Agreement – Software on May 13, 2026. This follows earlier intimations regarding the acquisition, with details already provided in a previous communication dated May 8, 2026.