Integrated Filing — IndAS



General information about company

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 Consolidated
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



Financial Results Ind-AS

Amount in (Lakhs)

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 Consolidated Consolidated
1 Income
Revenue from operations 52,554.90 1,28,973.00
Other income 866.50 2,960.40
Total income 53,421.40 1,31,933.40
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 1,943.60 5,306.20
(e) Finance costs 127.80 372.80
(f) Depreciation, depletion and amortisation expense 984.70 2,433.90
(f) Other Expenses
1 Incentives and cash back 14,173.20 35,314.40
2 Other expenses 2,961.50 7,074.20
3 Cost of point redemption / gift cards 28,260.30 68,616.70
Total other expenses 45,395.00 1,11,005.30
Total expenses 48,451.10 1,19,118.20
3 Total profit before exceptional items and tax 4,970.30 12,815.20
4 Exceptional items 0.00 0.00
5 Total profit before tax 4,970.30 12,815.20
6 Tax expense
7 Current tax 1,283.60 3,314.50
8 Deferred tax (15.90) (60.40)
9 Total tax expenses 1,267.70 3,254.10
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 3,702.60 9,561.10
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 3.60 254.10
16 Total profit (loss) for period 3,706.20 9,815.20
17 Other comprehensive income net of taxes (14.70) (52.10)
18 Total Comprehensive Income for the period 3,691.50 9,763.10
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 3,638.90 9,748.00
Total profit or loss, attributable to non-controlling interests 67.30 67.20
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 3,625.10 9,696.80
Total comprehensive income for the period attributable to owners of parent non-controlling interests 66.40 66.30
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 2.76 7.31
Diluted earnings (loss) per share from continuing operations 2.75 7.29
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 2.76 7.31
Diluted earnings (loss) per share from continuing and discontinued operations 2.75 7.29
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1.The above consolidated unaudited financial results of Zaggle Prepaid Ocean Services Limited (the Company / Holding 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 consolidated 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 consolidated financial results include results of the following entities: Name of the Entity Relationship with the Holding Company Span Across IT Solutions Private Limited Subsidiary Greenedge Enterprises Private Limited Subsidiary (w.e.f. September 30, 2025) Mobileware Technologies Private Limited Associate 5. The details of funds raised through Initial Public Offer (IPO) by the Holding Company during the financial year 2023-24 and utilisation of said funds as at December 31 2025 are as follows: 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 3000.00 3000.00 - 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 3621.60 3621.60 - 6. Out of Net Proceeds of Rs. 5741.37 million received from Qualified Institutions Placement (“QIP”) completed during the year 2024-25 the Company has utilised Rs. 1289.57 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. 4451.80 million are temporarily invested as deposits with scheduled commercial banks and in monitoring account. 7. Segment Reporting : (Rs in Million) Particulars Quarter Ended Nine months Ended Year Ended 31-Dec-25 30-Sep-25 31-Dec-24 31-Dec-25 31-Dec-24 31-Mar-25 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Revenue from Customers Program fee 2111.29 1738.95 1355.13 5305.02 3885.63 5456.41 Propel platform revenue / Gift cards 3027.91 2465.50 1,920.58 7252.45 4768.20 7218.48 Platform fee / SaaS fee / Service fee 116.29 117.71 93.16 339.83 262.67 362.68 Total 5255.49 4322.16 3368.87 12897.30 8916.50 13037.57 Revenue from Customers Geographical Segment information Within India 5255.49 4322.16 3368.87 12897.30 8916.50 13037.57 Outside India - - - - Total 5255.49 4322.16 3368.87 12897.30 8916.50 13037.57 Notes: i) Segment information is presented for the consolidated financial results as permitted under the Ind AS 108 - 'Operating Segments. ii) The Company's operating business are organised and managed according to nature of Products and services provided. This assessment resulted in identification of (a) Programe Fee (b) Platform Fee / SaaS Fee / Service Fee (c) Propel platform revenue / Gift cards as separate lines of business activities at Revenue level by the Chief Operating Decision Maker (CODM). However since the Company does not allocate common operating costs assets and liabilities across business activities as per the assessment undertaken by CODM the allocation resources and assessment of the financial performance is undertaken at the Group level. 8. The Board of Directors of the Company, in their meeting held on December 16 2025 approved incorporation of a wholly-owned subsidiary in GIFT City Gujarat under the name Zaggle Payments IFSC Limited subject to receipt of requisite approvals from the concerned regulatory authorities. As at December 31 2025 the incorporation process is in progress pending requisite approval from concerned regulatory authorities. 9. 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 352734 Share Warrants on preferential basis to Promoter Group and 705467 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 to 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. 10.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 Group for the quarter and nine months ended December 31, 2025 which is not material. 11.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 Rs 1 per option, under the Employee Stock Options Scheme of the Company.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 Consolidated Consolidated
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



Other Comprehensive Income

Amount in (Lakhs)

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 Consolidated Consolidated
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 (13.90) (76.90)
2 Equity instruments through other comprehensive income (2.80) 8.20
3 Share of OCI of associates (net of tax) (2.00) (1.70)
Total Amount of items that will not be reclassified to profit and loss (18.70) (70.40)
2 Income tax relating to items that will not be reclassified to profit or loss (4.00) (18.30)
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 (14.70) (52.10)