543985
Zaggle Prepaid Ocean Services Ltd
BSELast Traded Price
₹190.05
+0.40 (+0.21%)
Open
₹188.85
High
₹193.35
Low
₹188.25
Prev Close
₹189.65
Industry
Information Technology
Market Cap
2,555.38 Cr
Filing History
Recent corporate announcements and filings for 543985
Business Update
Positive
2026-08-21 18:37
- Q1 FY27 Consolidated Revenue ₹423Cr (▲28% YoY)
- Adjusted EBITDA ₹34.7Cr (Margin 8.2%, ▼ from 10.1% YoY, attributed to acquisition costs without immediate revenue recognition)
- Reiterated FY27 consolidated revenue growth guidance of 40%
- Expects EBITDA margin to improve from Q2 FY27 as DICE acquisition revenue starts flowing
- Long-term EBITDA margin target of 13-15% over 5-7 years
- Strategic investment of ₹8Cr in Unobanc (moneyHOP) for cross-border payments
- 86400 (Mobileware) Revenue grew ▲29% YoY to ₹22Cr, EBITDA grew ▲214% YoY to ₹8.8Cr
- GreenEdge Revenue grew ▲160% YoY to ₹44Cr, EBITDA grew ▲66% YoY to ₹4.3Cr
- Opening subsidiary in ADGM, Abu Dhabi in Q2 FY27 for international expansion
Business Update
Negative
2026-08-15 22:08
CRITICAL RED FLAG DETECTED
- Zaggle's appeal against the income tax demand notice for Assessment Year 2022-23 has been dismissed by the Commissioner of Income Tax (Appeal) on August 14, 2026.
- The company believes it has strong grounds to defend its position and will pursue a further appeal before the appropriate appellate authority.
Business Update
Neutral
2026-08-14 19:32
- Audio recording of the earnings call held on August 14, 2026, to discuss the company's operational and financial performance for the quarter ended on June 30, 2026 (Q1 FY26-27), has been uploaded to the company's website.
Governance
Neutral
2026-08-14 19:00
- Board meeting on August 14, 2026, approved the re-designation of Mr. Arun Vijaykumar Gupta from Non-Executive Independent Director to Non-Executive Non-Independent Director, effective August 14, 2026, subject to shareholder approval.
Financials
Positive
2026-08-14 17:23
- Q1 FY27 Consolidated Revenue ₹4,233Mn vs ₹3,320Mn (▲27.5% YoY)
- Adjusted EBITDA ₹347Mn vs ₹334Mn (▲4.0% YoY)
- Adjusted EBITDA Margin 8.2% vs 10.1% (▼190bps)
- Net Profit (PAT) not explicitly disclosed in the presentation.
- The company notes Q1 FY27 as an inflection point, focusing on optimizing core operations, scaling AI, and integrating recent acquisitions for higher-margin growth.
- Strategic investment of ₹80Mn in Unobanc Private Limited strengthens cross-border payments, forex cards, and remittances capabilities.
- Acquisitions like Dice have brought marquee enterprise clients and accelerate AI roadmap for enhanced spend analytics and expense management.
Financials
Neutral
2026-08-14 17:19
- Q1 FY27 Consolidated Revenue ₹423.27 Cr vs ₹331.97 Cr (▲27.5% YoY)
- Adjusted EBITDA ₹34.74 Cr vs ₹33.42 Cr (▲4.0% YoY)
- PAT ₹17.53 Cr vs ₹26.11 Cr (▼32.9% YoY)
- Adjusted EBITDA Margin 8.2% vs 10.1% (▼190bps)
Financials
Negative
2026-08-14 17:15
- Q1 FY27 Consolidated Revenue ₹423.27 Cr vs ₹331.97 Cr (▲27.50% YoY)
- EBITDA ₹33.23 Cr vs ₹31.14 Cr (▲6.72% YoY)
- PAT ₹17.53 Cr vs ₹26.11 Cr (▼32.86% YoY)
- EBITDA Margin 7.85% vs 9.38% (▼153bps)
Financials
Negative
2026-08-14 17:08
- Q1 FY27 Consolidated Revenue ₹4,232.65Mn vs ₹3,319.65Mn (▲27.5% YoY)
- EBITDA ₹332.32Mn vs ₹311.40Mn (▲6.7% YoY)
- PAT ₹175.33Mn vs ₹261.11Mn (▼33.0% YoY)
- EBITDA Margin 7.9% vs 9.4% (▼150bps)
Governance
Positive
2026-08-14 13:34
- Zaggle's Nomination and Remuneration Committee approved the grant of 2,50,000 Stock Options to eligible employees under the Zaggle ESOP 2022 on August 14, 2026.
- The exercise price for these options is ₹151/- per stock option.
Business Update
Neutral
2026-08-11 21:02
- Concall Schedule
- Concall Date: August 14, 2026
- Concall Time: 5:30 PM (IST)
Business Update
Positive
2026-08-08 12:41
- Zaggle Prepaid Ocean Services Limited has entered into an Amendment Agreement with APAC Financial Services Private Limited on August 07, 2026.
- Under the amendment, Zaggle will provide Employee Tax Benefits, in addition to existing Zoyer Platform and Employee Expense Management services.
Governance
Neutral
2026-08-07 13:43
- Board meeting scheduled for August 14, 2026.
- Purpose: To consider and approve Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2026.
- Trading window closure from July 01, 2026, till August 16, 2026.
Business Update
Positive
2026-07-27 15:45
- Order Win: Zaggle Prepaid Ocean Services Limited entered into an agreement with Daimler India Commercial Vehicles Private Limited (DICV).
- Order Details: Zaggle will provide Zaggle Zatix & Corporate Credit Card Program to DICV for their fleet partners.
- Completition Timeline: 3 years.
- Order Value: The commercial consideration is proportional to the number of fleet partners & drivers onboarded and spends, making it difficult to ascertain the value at this stage.
Business Update
Positive
2026-07-23 13:14
- Zaggle Prepaid Ocean Services Limited invested ₹7,96,00,640 in Unobanc Private Limited.
- This investment results in Zaggle holding a 19.9% equity stake in Unobanc Private Limited via a preferential issue.
Business Update
Positive
2026-07-23 12:04
- Zaggle has been recognized as one of the 'World's Top FinTech Companies 2026' by CNBC and Statista.
- The award is in the category of Enterprise Fintech.
Business Update
Positive
2026-07-21 13:23
- Zaggle's Board approved an investment of up to ₹7.97 Crores in Unobanc Private Limited for a stake of up to 19.9%.
- This strategic investment aims to bolster Zaggle's capabilities in cross-border payments, forex, and remittances.
Governance
Neutral
2026-07-21 13:13
- Board of Directors of Zaggle Prepaid Ocean Services Limited authorized Key Managerial Personnel (KMPs) on July 21, 2026.
- KMPs are authorized to determine the materiality of any event or information and to make disclosures to the stock exchanges.
Business Update
Positive
2026-07-21 13:05
- Board approved an investment of up to ₹7.97 Crores in Unobanc Private Limited for up to 19.9% equity.
- Unobanc provides tech infrastructure for digital cross-border payments and remittances.
- This investment strengthens Zaggle's cross-border payments, forex, and remittances capabilities.
- The acquisition is expected to be completed within 90 days.
Business Update
Positive
2026-07-01 17:07
- Zaggle Prepaid Ocean Services Limited has been empanelled by Canara Bank through Expression of Interest (EOI) for empanelment of Fintech Companies.
- The empanelment is effective from June 30, 2026.
- It will remain valid for a period of two (2) years, subject to annual review of performance.
Business Update
Positive
2026-07-01 13:27
- Order Win: Zaggle Prepaid Ocean Services Limited partnered with Hindustan Petroleum Corporation Limited (HPCL).
- Details: Partnership for HPCL's 'Flagship Fleet programme - Driver Track Plus' to provide loyalty reward points for petroleum product purchases and integrate ZAGGLE's platform.
- Completion Timeline: 5 Years
- Order Value: Commercial consideration is proportional to user onboarding and fuel spends; the value cannot be ascertained at this stage.
Business Update
Positive
2026-06-30 12:38
- Order Win: Zaggle Prepaid Ocean Services Limited entered into an agreement with APAC Financial Services Private Limited.
- Details: Zaggle will provide its Zoyer Platform and Zaggle Save (Employee expense management & benefits).
- Completion Timeline: 5 years.
- Order Value: Not ascertainable at this stage as it depends on the number of active users and actual spends.
Routine
Neutral
2026-06-25 18:19
- Trading window for Zaggle Prepaid Ocean Services Limited to close from July 01, 2026.
- Closure is till 48 hours post declaration of Q1 FY27 financial results (quarter ended June 30, 2026).
- Board meeting date for results will be intimated later.
Business Update
Neutral
2026-06-24 16:54
- Investor Meeting Schedule
- Meeting Date: June 30, 2026
- Meeting Time: 09:00 AM onwards
Ownership
Positive
2026-06-24 10:38
- RAN Ventures Private Limited, part of the promoter group of Zaggle Prepaid Ocean Services Limited, acquired 16,900 equity shares from the open market on June 19, 2026.
- Post-acquisition, the promoter group's shareholding increased by 0.01% to 44.30%.
Business Update
Positive
2026-06-19 17:54
- Zaggle Prepaid Ocean Services Limited has entered into a 5-year co-branding agreement with Punjab National Bank on June 19, 2026.
- Zaggle will drive acquisition, marketing, and promotion of a co-branded retail credit card product.
- Zaggle will leverage its existing corporate base to sell the co-brand retail credit card.
Business Update
Neutral
2026-06-17 16:35
- Investor Meeting Schedule
- Meeting Date: June 23, 2026
- Meeting Time: 01:00 PM onwards
- Organized by: JM Financial
- Location: Mumbai
Business Update
Positive
2026-06-12 22:50
- Zaggle Prepaid Ocean Services Limited has completed the acquisition of 16,407 Compulsory Convertible Preference Shares (CCPS) of Rivpe Technology Private Limited, each with a face value of ₹20.
- This completion, on June 11, 2026, results in Zaggle now holding a 100% stake across both Equity and CCPS in Rivpe Technology Private Limited.
Business Update
Positive
2026-06-11 11:13
- Zaggle Prepaid Ocean Services Limited has entered into an agreement with Crompton Greaves Consumer Electricals Limited.
- Zaggle will provide its 'Zaggle Save' platform for employee expense management and benefits.
- The agreement has a tenure of 5 years.
- The exact value of the contract is not ascertainable at this stage as it depends on active users and actual spends.
Governance
Negative
2026-05-30 20:38
CRITICAL RED FLAG DETECTED
Zaggle Prepaid Ocean Services Limited filed its Secretarial Compliance Report for the financial year ended March 31, 2026. The report notes general compliance with SEBI regulations. However, it highlighted an initial delay in submitting the Statement of Deviation/Variation for preferential issue of convertible warrants, which was subsequently rectified. Crucially, the company imposed penalties on certain designated persons and their immediate relatives for violations of SEBI (Prohibition of Insider Trading) Regulations, 2015, and a matter concerning an active insider's transactions is currently under review by the company.