| Scrip Code | 543985 |
|---|---|
| NSE Symbol | ZAGGLE |
| MSEI Symbol | NOTLISTED |
| ISIN | INE07K301024 |
| Name of company | Zaggle Prepaid Ocean Services Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 12-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | Operating Segment |
| Start date and time of board meeting | 12-02-2026 14:30:00 |
| End date and time of board meeting | 12-02-2026 15:35:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 2 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not applicable, no default. | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 49,762.60 | 1,26,009.90 | |
| Other income | 850.30 | 2,951.00 | |
| Total income | 50,612.90 | 1,28,960.90 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 1,870.00 | 5,130.60 |
| (e) | Finance costs | 139.30 | 384.30 |
| (f) | Depreciation, depletion and amortisation expense | 977.60 | 2,416.50 |
| (f) | Other Expenses | ||
| 1 | Incentives and cash back | 14,173.20 | 35,314.40 |
| 2 | Cost of point redemption / gift cards | 26,085.60 | 66,442.10 |
| 3 | Other expenses | 2,545.40 | 6,549.40 |
| Total other expenses | 42,804.20 | 1,08,305.90 | |
| Total expenses | 45,791.10 | 1,16,237.30 | |
| 3 | Total profit before exceptional items and tax | 4,821.80 | 12,723.60 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 4,821.80 | 12,723.60 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,232.40 | 3,263.30 |
| 8 | Deferred tax | (7.40) | (48.20) |
| 9 | Total tax expenses | 1,225.00 | 3,215.10 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 3,596.80 | 9,508.50 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 3,596.80 | 9,508.50 |
| 17 | Other comprehensive income net of taxes | (10.80) | (44.30) |
| 18 | Total Comprehensive Income for the period | 3,586.00 | 9,464.20 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,344.50 | 1,344.50 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 2.68 | 7.08 | |
| Diluted earnings (loss) per share from continuing operations | 2.67 | 7.07 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 2.68 | 7.08 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 2.67 | 7.07 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1.The above standalone unaudited financial results of Zaggle Prepaid Ocean Services Limited (the Company) for the quarter and nine months ended December 31, 2025, were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meeting held on February 12, 2026. The statutory auditors of the Company have carried out limited review of the above said results. 2.The standalone financial results of the Company have been prepared in accordance with the Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 (the Act”) read with relevant rules issued thereunder, other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India (“SEBI”). 3.During the quarter ended December 31, 2025, pursuant to the share purchase agreement dated October 24, 2025, the company acquired an additional 44.44% equity shareholding in Greenedge Enterprises Private Limited. Consequent to the said acquisition, Greenedge Enterprises Private Limited became a wholly-owned subsidiary of the company w.e.f December 05, 2025. 4.The details of funds raised through Initial Public Offer (IPO) by the Company during the financial year 2023-24, and utilisation of said funds as at December 31, 2025 are as follows: (Rs. in Million) Object of the issue as per prospectus Amount to be utilised as per prospectus Utilisation up to December 31, 2025 Unutilised amount up to December 31, 2025 Expenditure towards Customer acquisition and retention 3,000.00 3,000.00 - Expenditure towards development of technology and products 400.00 400.00 - Repayment / pre-payment of certain borrowings, in full or part, availed by the Company 170.83 170.83 - General corporate purposes 50.77 50.77 - Total 3,621.60 3,621.60 - 5. Out of Net Proceeds of Rs. 5,741.37 million, received from Qualified Institutions Placement (“QIP”) completed during the year 2024-25, the Company has utilised Rs. 1,289.57 million as at December 31, 2025, for repayment of certain borrowings, strategic investment (acquisition of shares in associate and subsidiary), general corporate purpose and the balance unutilised Rs. 4,451.80 million, are temporarily invested as deposits with scheduled commercial banks and in monitoring account. 6. The Board of Directors and the Shareholders, in their meetings held on October 03, 2025 and October 31, 2025 respectively, approved inter-alia issuance of 352,734 Share Warrants on preferential basis to Promoter Group and 705,467 Share Warrants on preferential basis to Non-promoters in accordance with Section 23, 42 and 62 of the Companies Act, 2013 read with Chapter V of SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018. Consequently, the Company allotted 1058201 Warrants during the financial year 2025-26 to the aforesaid Investors against receipt of 25% of issued price of Rs. 567 per Warrant i.e. Rs. 141.75 per Warrant aggregating Rs. 149.99 million and the balance 75% of the consideration shall be payable by the warrant holders at the time of conversion of the warrants into Equity Shares. 7. The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four labour codes, which have been effective from November 21, 2025. The incremental impact of these changes have been recognised in the financial results of the Company for the quarter and nine months ended December 31, 2025 which is not material. 8. The Company has disclosed the segment information in the consolidated financial results and therefore no separate disclosure on segment information is given in the standalone financial results for the quarter and nine months ended December 31, 2025. 9. During the quarter ended December 31, 2025, the Company allotted 69,345 equity shares at an exercise price of Rs. 164 per option and 128,600 equity shares at an exercise price of Re. 1 per option, under the Employee Stock Options Scheme of the Company. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement gain / (loss) of defined benefit plan | (11.30) | (68.60) |
| 2 | Equity instruments through other comprehensive income | (2.80) | 8.20 |
| Total Amount of items that will not be reclassified to profit and loss | (14.10) | (60.40) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (3.30) | (16.10) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (10.80) | (44.30) |
| Mode of Fund Raising | Public Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 22-09-2023 |
| Amount Raised | 39,200.00 |
| Report filed for Quarter ended | 31-12-2025 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CARE RATING AGENCY |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | NA |
| Comments of the Audit Committee after review | NA |
| Comments of the auditors, if any | NA |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Expenditure towards Customer acquisition and retention | NA | 30,000.00 | 0.00 | 30,000.00 | 0.00 | |
| 2 | Expenditure towards development of technology and products | NA | 4,000.00 | 0.00 | 4,000.00 | 0.00 | |
| 3 | Repayment/ pre-payment of certain borrowings, in full or part, availed by our Company | NA | 1,708.30 | 0.00 | 1,708.30 | 0.00 | |
| 4 | General corporate purposes | NA | 509.90 | 507.70 | 507.70 | 0.00 |
| Mode of Fund Raising | QIP |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 23-12-2024 |
| Amount Raised | 59,484.10 |
| Report filed for Quarter ended | 31-12-2025 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CARE RATING LIMITED |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | NA |
| Comments of the Audit Committee after review | NA |
| Comments of the auditors, if any | NA |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Strategic investments, acquisitions and inorganic growth opportunities by our Company and our Subsidiary, SAISPL | NA | 37,500.00 | 0.00 | 5,915.00 | 0.00 | |
| 2 | Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by our Company | NA | 5,914.00 | 0.00 | 5,914.00 | 0.00 | |
| 3 | General corporate purposes | NA | 14,000.00 | 0.00 | 1,067.00 | 0.00 | |
| 4 | Issue related expenses | NA | 2,070.00 | 0.00 | 2,070.00 | 0.00 |
| Name of signatory | Venkata Aditya Kumar Grandhi |
| Designation of person | Chief Financial Officer |
| Place | Hyderabad |
| Date | 12-02-2026 |