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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 13-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-11-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second 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 Multi segment
Description of single segment
Start date and time of board meeting 13-11-2026   15:00:00
End date and time of board meeting 13-11-2026   16:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 57,985.50 1,00,312.00
Other income 632.50 1,291.90
Total income 58,618.00 1,01,603.90
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 1,857.40 3,769.40
(e) Finance costs 231.20 397.00
(f) Depreciation, depletion and amortisation expense 1,520.90 2,789.70
(f) Other Expenses
1 Cost of point redemption /gift cards 34,919.10 58,296.60
2 Incentives and cash back 12,928.40 23,549.50
3 Other expenses 4,108.70 7,434.50
Total other expenses 51,956.20 89,280.60
Total expenses 55,565.70 96,236.70
3 Total profit before exceptional items and tax 3,052.30 5,367.20
4 Exceptional items 0.00 0.00
5 Total profit before tax 3,052.30 5,367.20
6 Tax expense
7 Current tax 698.30 1,584.00
8 Deferred tax 33.30 (57.00)
9 Total tax expenses 731.60 1,527.00
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 2,320.70 3,840.20
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 126.00 359.10
16 Total profit (loss) for period 2,446.70 4,199.30
17 Other comprehensive income net of taxes 5.80 33.60
18 Total Comprehensive Income for the period 2,452.50 4,232.90
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 2,446.80 4,200.10
Total profit or loss, attributable to non-controlling interests (0.10) (0.80)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 5.80 33.60
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,344.60 1,344.60
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 1.82 3.12
Diluted earnings (loss) per share from continuing operations 1.82 3.12
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 1.82 3.12
Diluted earnings (loss) per share from continuing and discontinued operations 1.82 3.12
24 Debt equity ratio 0.0200 0.0200
25 Debt service coverage ratio 3.1500 2.8400
26 Interest service coverage ratio 14.7500 15.4200
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1 The above consolidated unaudited financial results of Zaggle Prepaid Ocean Services Limited (the Company / Holding Company) for the quarter and half year ended September 30, 2026, were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 13, 2026. The statutory auditors of the company have carried out limited review of the above said results. 2 The consolidated unaudited 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 Out of Net Proceeds of Rs. 5,741.37 million, received from Qualified Institutions Placement (“QIP”) completed during the year 2024-25, the Parent company has utilised Rs. 3,166.67 million as at September 30, 2026, for repayment of certain borrowings, strategic investment (acquisition of shares in associate and subsidiaries), general corporate purpose and the balance unutilised Rs. 2,574.70 million, are temporarily invested as deposits with scheduled commercial banks and in monitoring account. 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 Wholly Owned Subsidiary (w.e.f. December 05, 2025) Rivpe Technology Private Limited Wholly Owned Subsidiary (w.e.f. June 11, 2026) Omnicash Fintech Private Limited Wholly Owned Subsidiary of Rivpe Technology Private Limited Zaggle Payments IFSC Limited Wholly Owned Subsidiary (w.e.f. February 25, 2026) Mobileware Technologies Private Limited Associate (w.e.f. March 25, 2025) 5 Segment Reporting : (Rs. in Million) Particulars Quarter Ended Half year ended Year Ended 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Revenue from Customers Program fee 1,953.85 1,600.17 1,738.95 3,554.02 3,193.73 7,523.35 Propel platform revenue / Gift cards 3,685.60 2,506.99 2,465.50 6,192.59 4,224.54 11,074.07 Platform fee / SaaS fee / Service fee 159.10 125.49 117.71 284.59 223.54 479.04 Total 5,798.55 4,232.65 4,322.16 10,031.20 7,641.81 19,076.46 Revenue from Customers Geographical Segment information Within India 5,784.26 4,232.65 4,322.16 10,016.91 7,641.81 19,076.46 Outside India 14.29 - - 14.29 - - Total 5,798.55 4,232.65 4,322.16 10,031.20 7,641.81 19,076.46 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) Program 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. 6 During the quarter ended September 30, 2026, pursuant to the Subscription and Shareholder's Agreement dated July 21, 2026, the Company acquired 19.92% of the shareholding in Unobanc Private Limited. 7 Pursuant to the agreement dated May 13, 2026, the Company acquired the business of Dice Enterprises Private Limited for a consideration of Rs. 679.07 million excluding taxes. The fair value of consideration is Rs. 653.76 million and the Company recognized tangible assets of Rs. 3.00 million and Intangible assets of Rs. 258.42 million resulting in a goodwill of Rs. 392.34 million. The transaction was accounted in accordance with Ind-AS 103, 'Business Combinations' and the initial accounting has been provisionally determined. 8 Subsequent to the quarter ended September 30, 2026, the Board of Directors of the Company, at its meeting held on October 06, 2026, has approved the incorporation of wholly owned subsidiary of the Company in Abu Dhabi Global Market, Abu Dhabi, United Arab Emirates, under the name of Zaggle Holding Limited. The certificate of incorporation has been received on October 22, 2026.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 3,680.40
Capital work-in-progress 0.00
Investment property 0.00
Goodwill 9,944.30
Other intangible assets 17,388.90
Intangible assets under development 8,588.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 4,554.40
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other financial assets 1,289.60
Total of other non-current financial assets 1,289.60
Total non-current financial assets 5,844.00
Deferred tax assets (net) 68.20
Other non-current assets
1 Other non-current assets 271.30
2 Right of use assets 537.60
3 Income tax assets (net) 834.50
Total of other non-current assets 1,643.40
Total non-current assets 47,157.20
2 Current assets
Inventories 131.20
Current financial asset
Current investments 0.00
Trade receivables, current 46,004.10
Cash and cash equivalents 5,384.60
Bank balance other than cash and cash equivalents 36,469.40
Loans, current 0.00
Other current financial assets
Total of other current financial assets 623.90
Total current financial assets 88,482.00
Current tax assets (net) 0.00
Other current assets
1 Other current assets 28,795.20
Total of other current assets 28,795.20
Total current assets 1,17,408.40
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1,64,565.60
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,344.60
Other equity 1,43,480.60
Total equity attributable to owners of parent 1,44,825.20
Non controlling interest 96.80
Total equity 1,44,922.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
Total of other non-current financial liabilities
Total non-current financial liabilities 0.00
Provisions, non-current 509.30
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Lease liabilities 236.90
Total of other non-current liabilities 236.90
Total non-current liabilities 746.20
Current liabilities
Current financial liabilities
Borrowings, current 2,597.30
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3.80
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3,304.40
Total Trade payable 3,308.20
Other current financial liabilities
1 Other financial liabilities 6,023.40
Total of other current financial liabilities 6,023.40
Total current financial liabilities 11,928.90
Other current liabilities 6,783.70
1 Lease liabilities 427.00
2 Other liabilities 6,356.70
Total of other current liabilities 6,783.70
Provisions, current 74.00
Current tax liabilities (Net) 110.80
Deferred government grants, Current
Total current liabilities 18,897.40
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 19,643.60
Total equity and liabilites 1,64,565.60
Disclosure of notes on assets and liabilities



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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
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)
1 Program fee 19,538.50 35,540.20
2 Propel Platform revenue / Gift cards 36,856.00 61,925.90
3 Platform fee / SaaS fee / Service fee 1,591.00 2,845.90
Total Segment Revenue 57,985.50 1,00,312.00
Less: Inter segment revenue
Revenue from operations 57,985.50 1,00,312.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Program fee 0.00 0.00
2 Propel Platform revenue / Gift cards 0.00 0.00
3 Platform fee / SaaS fee / Service fee 0.00 0.00
Total Profit before tax 0.00 0.00
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 0.00 0.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Program fee 0.00 0.00
2 Propel Platform revenue / Gift cards 0.00 0.00
3 Platform fee / SaaS fee / Service fee 0.00 0.00
Total Segment Asset 0.00 0.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 0.00 0.00
4 Segment Liabilities
Segment Liabilities
1 Program fee 0.00 0.00
2 Propel Platform revenue / Gift cards 0.00 0.00
3 Platform fee / SaaS fee / Service fee 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) 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) Program 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.



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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
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 (a) Remeasurement gain/(loss) of defined benefit plan (6.50) 8.30
2 (b) Equity instruments through other comprehensive income 12.70 35.30
3 (c) Share of OCU of associate (net of tax) (2.70) (3.10)
Total Amount of items that will not be reclassified to profit and loss 3.50 40.50
2 Income tax relating to items that will not be reclassified to profit or loss (2.30) 6.90
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
5 Total Other comprehensive income 5.80 33.60



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 5,367.20
Adjustments for reconcile profit (loss)
Adjustments for finance costs 326.50
Adjustments for decrease (increase) in inventories (47.10)
Adjustments for decrease (increase) in trade receivables, current (9,907.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 1,208.40
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (165.90)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 1,227.80
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 1,651.10
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 2,789.70
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 105.70
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 2,009.50
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 1,275.20
Adjustments for share-based payments 97.70
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 177.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (1,801.80)
Net cash flows from (used in) operations 3,565.40
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 2,213.70
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 1,351.70
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses (2,822.70)
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 0.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 10,034.70
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 977.40
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 1,001.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 1,324.80
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 7,509.60
Net cash flows from (used in) investing activities (3,999.40)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 1,943.00
Payments of lease liabilities 256.90
Dividends paid 0.00
Interest paid 326.50
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (39.50)
Net cash flows from (used in) financing activities (2,565.90)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (5,213.60)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (5,213.60)
Cash and cash equivalents cash flow statement at beginning of period 10,598.20
Cash and cash equivalents cash flow statement at end of period 5,384.60