Zaggle Prepaid Ocean Services Ltd

Under the agreement, Zaggle will leverage its existing corporate customer base to drive acquisition, marketing and promotion of the co-branded retail credit card. The partnership is aimed at expanding the reach of the co-branded card offering. The agreement is domestic in nature and will remain in force for a period of five years. The company said that neither its promoter, promoter group nor group companies have any interest in Punjab National Bank. The agreement does not constitute a related-party transaction. Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment. It is one of the largest numbers of issued prepaid cards in India in partnership with its banking partners. Additionally, the company has a diversified portfolio of software as a service (SaaS) products, including tax and payroll software, and a wide touchpoint reach. The company's consolidated net profit surged 30.42% to Rs 40.60 crore on a 49.94% rise in revenue from operations to Rs 671.91 crore in Q4 FY26 over Q4 FY25. The counter rose 1.17% to settle at Rs 212.55 on Friday, 19 June 2026.Powered by Capital Market - Live

Zaggle Prepaid Ocean Services (Zaggle) has entered into an agreement with Punjab National Bank on 19 June 2026. Zaggle would be the cobranding Partner with objective to drive acquisition, marketing and promotion of the Cobranded Retail Credit Card Product.

Zaggle Prepaid Ocean Services (Zaggle) has entered into an 5-year agreement with Crompton Greaves Consumer Electricals to provide Zaggle Save (Employee expense management & benefits).

The agreement is for a period of five year. The value of the contract would depend on the number of active users for the respective months on the platform and the corresponding program fee from this would depend upon the actual spends done by the users over a period of time. Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment. It is one of the largest numbers of issued prepaid cards in India in partnership with its banking partners. Additionally, the company has a diversified portfolio of software as a service (SaaS) products, including tax and payroll software, and a wide touchpoint reach. The company's consolidated net profit surged 30.42% to Rs 40.60 crore on a 49.94% rise in revenue from operations to Rs 671.91 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.86% to currently trade at Rs 195.75 on the BSE. Powered by Capital Market - Live

Zaggle Prepaid Ocean Services (Zaggle) has entered into an agreement with Bikaji Foods International on 15 May 2026. Zaggle shall provide Zaggle Save (Employee expense management & benefits) to Bikaji Foods International for a period of one year.

Zaggle Prepaid Ocean Services Ltd fell 7.19% today to trade at Rs 264.1. The BSE Information Technology index is down 0.81% to quote at 26960.53. The index is down 8.77 % over last one month. Among the other constituents of the index, Mphasis Ltd decreased 1.79% and Coforge Ltd lost 1.59% on the day. The BSE Information Technology index went down 27.52 % over last one year compared to the 7.76% fall in benchmark SENSEX. Zaggle Prepaid Ocean Services Ltd has added 5.6% over last one month compared to 8.77% fall in BSE Information Technology index and 2.38% drop in the SENSEX. On the BSE, 39464 shares were traded in the counter so far compared with average daily volumes of 64011 shares in the past one month. The stock hit a record high of Rs 470 on 10 Jun 2025. The stock hit a 52-week low of Rs 185.55 on 30 Mar 2026.Powered by Capital Market - Live

Profit before tax stood at Rs 54.46 crore in Q4 FY26, up 31.96% from the Rs 41.27 crore reported in the same period a year ago. Total expenses rose 43.89% to Rs 549.77 crore in Q4 FY26 over Q4 FY25. Cost of point redemption was at Rs 221.61 crore (down 36.17% YoY) while employee benefits expense stood at Rs 16.46 crore (down 3.46% YoY) during the period under review. Adjusted EBITDA stood at Rs 60.46 crore in the quarter ended 31 March 2026, up 62.4% YoY. The EBITDA margin improved to 9.8% in Q4 FY26, as against 9% in Q4 FY25. Commenting on the performance, Raj P Narayanam said, 'With the third consecutive quarter of record performance, we closed FY26 on a strong footing, delivering our highest-ever quarterly and annual results. On an annual basis, the company delivered topline revenue of Rs 1,907.6 crore (up 46.3% YoY), adjusted EBITDA of Rs 191.6 crore (up 51% YoY) and PAT of Rs 138.8 crore (up 51.8% YoY). On a quarterly basis, the company recorded revenue of Rs 617.9 crore (up 49.9% YoY), adjusted EBITDA of Rs 60.5 crore (up 62.4% YoY) and PAT of Rs 40.6 crore (up 30.4% YoY), supported by sustained margin improvement. During the year, we took several strategic steps to strengthen our long-term growth platform. We have moved decisively from an AI-led vision to full-scale execution with dual AI engines ' one driving internal efficiency and another powering customer-facing capabilities. With respect to our inorganic growth plans, we completed the acquisitions of Greenedge Enterprises and Rivpe Technology (rebranded as Zagg.Money), further enhancing our capabilities and expanding our product ecosystem. In addition, we entered the consumer retail credit card market, marking an important milestone. We also established Zaggle Payments IFSC Ltd in GIFT City, which will serve as a key platform for our global cross-border payments and financial services ambitions through India's premier international financial hub. Looking ahead, we remain optimistic about opportunities across the digital payments and enterprise spend management ecosystem. For FY27, we project standalone revenue growth of 25'30% and consolidated revenue growth of around 40%. We believe this growth will be driven by AI-first product development, expansion into MENA and US markets, and deeper monetisation across our four strategic pillars.' Zaggle Prepaid Ocean Services informed that it has entered into an Asset Purchase Agreement ' Contracts, an Intellectual Property Assignment Agreement, and an Asset Purchase Agreement ' Software on May 13, 2026. Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment. It is one of the largest numbers of issued prepaid cards in India in partnership with its banking partners. Additionally, the company has a diversified portfolio of software as a service (SaaS) products, including tax and payroll software, and a wide touchpoint reach. Shares of Zaggle Prepaid Ocean Services added 1.84% to end at Rs 284.55 on the BSE. Powered by Capital Market - Live

Zaggle Prepaid Ocean Services will hold a meeting of the Board of Directors of the Company on 13 May 2026.

Zaggle Prepaid Ocean Services (Zaggle) has entered into a amendment to the customer service agreement dated 24 February 2025 with Honasa Consumer. Under the amended contract, Zaggle would provide additional features in the existing Zaggle Zoyer Platform to Honasa Consumer.

The board of  Zaggle Prepaid Ocean Services in its meeting held on 08 May 2026, inter alia, has, considered and approved the modification to the deal structure, whereby instead of acquiring the entire shareholding of Dice Enterprises (Dice), the Company proposes to purchase assets from Dice comprising but not limited to Software, Databases / Codebase, Contracts, Intellectual Property, Domain Names along with all related assets in the Spend Management space for a consideration of approx Rs. 67.9 crore plus taxes, if applicable. The consummation of the proposed transaction shall be subject to the fulfillment of closing actions as identified in Asset Purchase Agreement - Software, Intellectual Property Assignment Agreement and Asset Purchase Agreement- Contracts (APA).