Zaggle Prepaid Ocean Services Ltd

Securities in F&O Ban: Sammaan Capital and Bandhan Bank shares are banned from F&O on 5 December 2025. Stocks to Watch: Zaggle Prepaid Ocean Services' board has approved the acquisition of a 100% stake in Rivpe Technology for consideration of up to Rs 22 crore. The company will purchase 81,429 equity shares and 16,407 compulsory convertible preference shares. Aditya Birla Sun Life AMC incorporated wholly owned subsidiary, Aditya Birla Sun Life AMC International (IFSC) in GIFT City, Gandhinagar, Gujarat. Deepak Nitrite's wholly owned subsidiary, Deepak Chem Tech has commenced the manufacturing operations at its Nitric Acid Plant, Gujarat on 4 December 2025. The total capital expenditure incurred for the same is approximately Rs 515 crore as of the date of commencement of manufacturing operations. Diamond Power Infrastructure has received letter of intent from Adani Green Energy for Supply of 33KV HV Cables 2126 kms and 3.3KV Solar MV Cables 3539 Kms for Khavda and Rajasthan Project worth Rs 747.64 crore. RailTel Corporation of India has received order worth Rs 63.92 crore from Central Public Works Department for design and implementation of ICT network.Powered by Capital Market - Live

The board of Zaggle Prepaid Ocean Services at its meeting held on 04 December 2025 has approved acquisition of 81,429 equity shares and 16,407 compulsory convertible preference shares for consideration upto Rs. 22 crore from the existing shareholders of Rivpe Technology (Rivpe) representing 100% of issued and paid-up capital of Rivpe on a fully diluted basis. The board also approved investment of Rs 75 crore in one or more tranches, in Rivpe. Rivpe is a fintech company with offerings including UPI payments along with co-branded consumer credit cards. Powered by Capital Market - Live

The agreement is to be executed within 36 months. 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 standalone net profit surged 79.1% to Rs 33.24 crore on a 42.4% rise in revenue from operations to Rs 430.98 crore in Q2 FY26 over Q2 FY25. Shares of Zaggle Prepaid Ocean Services fell 1.38% to Rs 380 on the BSE.Powered by Capital Market - Live

Profit before tax stood at Rs 44.46 crore in Q2 FY26, up 72.4% from the Rs 25.79 crore reported in the same period a year ago. Reported EBITDA stood at Rs 43.95 crore in Q2 FY26, registering a growth of 64.6% compared with the Rs 26.71 crore posted in the same quarter last year. The reported EBITDA margin improved to 10.2% in Q2 FY26 as against 8.8% in Q2 FY25. Raj P Narayanam, founder and executive chairman of Zaggle Prepaid Ocean Services, said, 'Since our listing two years back, we continue to deliver upon our guidance, and our current results are no exception, where we delivered our best-ever half-yearly and quarterly performance across parameters. We achieved substantial half-yearly revenue of Rs 762.5 crore and an adjusted EBITDA margin of 10.0%. During Q2FY26, the company achieved revenues of Rs 4,310 Mn with an adjusted EBITDA margin of 10.1%. In light of our strong performance and sustained momentum across all business segments, we have recently upgraded our revenue growth guidance to 40-45%, while our EBITDA guidance continues to remain in the range of 10-11%.' 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.Powered by Capital Market - Live

Net profit of Zaggle Prepaid Ocean Services rose 72.45% to Rs 34.99 crore in the quarter ended September 2025 as against Rs 20.29 crore during the previous quarter ended September 2024. Sales rose 42.85% to Rs 432.22 crore in the quarter ended September 2025 as against Rs 302.56 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales432.22302.56 43 OPM %10.178.82 - PBDT53.6830.54 76 PBT46.2128.10 64 NP34.9920.29 72 Powered by Capital Market - Live

Zaggle Prepaid Ocean Services will hold a meeting of the Board of Directors of the Company on 11 November 2025.Powered by Capital Market - Live

Zaggle Prepaid Ocean Services has entered into a three-year agreement with V-Mart Retail to provide services of Zaggle Zoyer Platform. Powered by Capital Market - Live

In a regulatory filing, the company clarified that neither its promoters nor members of the promoter group have any interest in the awarding authority, adding that the transaction does not qualify as a related-party transaction under applicable regulations. Zaggle Prepaid Ocean Services operates in the business-to-business-to-customer segment, offering spend management solutions and SaaS products such as tax and payroll software. The company has a diversified user base, a broad network of touchpoints, and ranks among the largest issuers of prepaid cards in India through its banking partnerships. The company's standalone net profit surged 54.8% to Rs 25.88 crore on a 31.4% increase in revenue from operations to Rs 331.49 crore in Q1 FY26 over Q1 FY25. The counter shed 0.21% to Rs 372.25 on the BSE. Powered by Capital Market - Live

Zaggle Prepaid Ocean Services (Zaggle), has entered into an agreement with Hitachi Cash Management Services to provide services of Zaggle Propel for a period of three years. Powered by Capital Market - Live

Zaggle Prepaid Ocean Services was declared lowest bidder and has accordingly been awarded by General Insurance Corporation of India a contract worth Rs 9.84 crore for providing Zaggle Save (Employee expense management & benefits) services for a period of 3 years starting 05 November 2025. Powered by Capital Market - Live