Zaggle Prepaid Ocean Services Ltd

Effiasoft, a Hyderabad-based company, specializes in offering enterprise software solutions tailored for various industries. The company provides point-of-sale (PoS) solutions, inventory management features, and customer loyalty capabilities across India and Southeast Asia through its flagship platform, JustBilling. Effiasoft achieved a turnover of Rs 18.94 crore for the financial year 2023-24, with a provisional turnover of Rs 24.67 crore for the financial year 2024-25 as of 15 March 2025. Effiasoft has expertise in product development, engineering, and software solutions, with a proven track record in PoS systems. It has established a strong network of over 300 merchant partners, and its technology seamlessly integrates into merchant systems, improving operational efficiency. By acquiring a majority stake in Effiasoft, Zaggle aims to further enhance its financial technology ecosystem. The acquisition will accelerate product development, improve payment processing capabilities, and drive digital transformation in the fintech sector. This move is also expected to increase merchant engagement and deliver greater value to Zaggle's customers. According to an exchange filing, the Board of Directors of Zaggle Prepaid Ocean Services held a meeting on Thursday, 27 March 2025, where it approved the acquisition of a 45.33% stake from existing shareholders Koushik Shee and Akula Krishna Rao for Rs 36.72 crore. In addition to this, the board has also considered acquiring a further 5.67% stake in Effiasoft from Shee and Rao for Rs 4.59 crore. Together, both acquisitions will bring Zaggle's total stake in Effiasoft to 51%, with the total deal valued at Rs 41.31 crore. The acquisition will be completed within 90 days from the date of approval by the Board of Directors of the company. The mode of acquisition, whether in cash or through a share swap, will be determined by the board at a later stage, and the details will be communicated to the stock exchange in accordance with applicable regulatory requirements. The company also clarified that the acquisition does not fall within related party transactions, and neither the promoter, promoter group, nor any group companies have any interest in the entity being acquired. The official announcement was made on Thursday, 27 March 2025, after market hours. Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach. The company's consolidated net profit surged 29.8% to Rs 19.75 crore in Q3 FY25 as against Rs 15.22 crore posted in the previous corresponding quarter. Revenue from operations zoomed 68.9% YoY to Rs 336.89 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

Securities in F&O Ban: IndusInd Bank shares are banned from F&O trading on 28 March 2025. Stocks to Watch: Zaggle Prepaid Ocean Services' board approved the acquisition of a 45.33% stake in Effiasoft from existing shareholders Koushik Shee and Akula Krishna Rao for Rs 36.72 crore. The Board also considered the proposal for the acquisition of an additional 5.67% stake in Effiasoft from Koushik Shee and Akula Krishna Rao for Rs 4.59 crore. Sandhar Technologies has executeed a Share Purchase Agreement with South Korea-based Jinyoung Electro-Mechanics Co. for the sale of its entire stake in the joint venture, Jinyoung Sandhar Mechatronics (JSM). The decision to exit the joint venture aligns with the company's strategic objective of streamlining its business operations and concentrating on its core competencies. Piramal Enterprises' board approved the issuance of non-convertible debentures up to Rs 100 crore (base issue size), along with a green shoe option to retain oversubscription of up to Rs 200 crore, aggregating the total issue size to Rs 300 crore, on a private placement basis. Jio Financial Services has subscribed to 8.5 crore equity shares of Jio Payments Bank for Rs 85 crore. This investment is made to fund the business operations of Jio Payments Bank. Post this investment, the company's holding in Jio Payments Bank will increase from 82.17% to 85.04%. Additionally, the company has acquired 1.73 crore equity shares of its subsidiary Jio Finance for Rs 1,000.24 crore. Jio Finance will utilize the proceeds to fund its business operations. DCM Shriram's board approved the proposal for setting up 12 TPD integrated Compressed Biogas (CBG) plant at Ajbapur Unit of the Company, with an investment of Rs. 131.30 crore. CBG is a value add to the byproduct of Sugar Process. It is an environmentally friendly renewable fuel that helps in reducing the greenhouse gas emissions and lower dependence on fossil fuels. Aditya Birla Fashion and Retail (ABFRL) informed that The National Company Law Tribunal (NCLT) has approved the Scheme of Arrangement among Aditya Birla Fashion and Retail, Aditya Birla Lifestyle Brands, and their respective shareholders and creditors. Jindal Steel & Power has been declared the successful bidder for the Saradhapur Jalatap East coal block. It has signed the agreement for the Saradhapur Jalatap East coal block. This is a partially explored block with estimated geological resources of 3,257 million tonnes.Powered by Capital Market - Live

According to an exchange filing, the company will provide these services to Omega Healthcare Management Services as per the terms of the agreement, which was started from 6 March 2025, and continue until the agreement is terminated under mutually agreed conditions. The official announcement was made on Thursday, 06 March 2025, after market hours. Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach. The company's consolidated net profit surged 29.8% to Rs 19.75 crore in Q3 FY25 as against Rs 15.22 crore posted in the previous corresponding quarter. Revenue from operations zoomed 68.9% YoY to Rs 336.89 crore in the quarter ended 31 December 2024. The counter rose 0.68% to Rs 371.45 on the BSE. Powered by Capital Market - Live

Zaggle Prepaid Ocean Services (Zaggle) has entered into an agreement with Omega Healthcare Management Services to provide  Zaggle Save (Employee expense management & benefits) solution. Powered by Capital Market - Live

The agreement, detailed in an exchange filing, will see Tech Mahindra utilize Zaggle's Spend Management Dashboard, Zatix, for improved visibility and control over their corporate and purchase card spending. The cards are issued in collaboration with SBI Cards. The Zatix Service Agreement is set to be executed within one year. The official announcement was made on 5 March 2025, after market hours. Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach. The company's consolidated net profit surged 29.8% to Rs 19.75 crore in Q3 FY25 as against Rs 15.22 crore posted in the previous corresponding quarter. Revenue from operations zoomed 68.9% YoY to Rs 336.89 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

Zaggle Prepaid Ocean Services (Zaggle) has entered into an agreement with PhysicsWallah to provide Zaggle Zoyer Platform. Powered by Capital Market - Live

According to an exchange filing, the company will provide Zaggle Zoyer Platform services to PhysicsWallah and it has to be executed within 24 months. Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach. The company's consolidated net profit surged 29.8% to Rs 19.75 crore in Q3 FY25 as against Rs 15.22 crore posted in the previous corresponding quarter. Revenue from operations zoomed 68.9% YoY to Rs 336.89 crore in the quarter ended 31 December 2024. Shares of Zaggle Prepaid Ocean Services declined 3.01% to Rs 336.75 on the BSE.Powered by Capital Market - Live

According to an exchange filing, the company will provide Zaggle Zoyer Platform services to Honasa Consumer and it has to be executed within 36 months. Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach. The company's consolidated net profit surged 29.8% to Rs 19.75 crore in Q3 FY25 as against Rs 15.22 crore posted in the previous corresponding quarter. Revenue from operations zoomed 68.9% YoY to Rs 336.89 crore in the quarter ended 31 December 2024.Powered by Capital Market - Live

Zaggle Prepaid Ocean Services (Zaggle) has entered into an customer service agreement with Honasa Consumer. Zaggle would provide Honasa Consumer the Zaggle Zoyer Platform. The contract is valid for a period of 36 months. Powered by Capital Market - Live

According to an exchange filing, the company will deliver these solutions for GIFTCL as part of the agreement, which is set to be executed over a period of five years. Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach. The company's consolidated net profit surged 29.8% to Rs 19.75 crore in Q3 FY25 as against Rs 15.22 crore posted in the previous corresponding quarter. Revenue from operations zoomed 68.9% YoY to Rs 336.89 crore in the quarter ended 31 December 2024. The scrip slipped 1.33% to Rs 341 on the BSE. Powered by Capital Market - Live