5439852025-10-012025-12-315439852025-04-012025-12-315439852025-10-012025-12-31in-capmkt:OtherExpenses1Member5439852025-10-012025-12-31in-capmkt:OtherExpenses2Member5439852025-10-012025-12-31in-capmkt:OtherExpenses3Member5439852025-04-012025-12-31in-capmkt:OtherExpenses1Member5439852025-04-012025-12-31in-capmkt:OtherExpenses2Member5439852025-04-012025-12-31in-capmkt:OtherExpenses3Member5439852025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15439852025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25439852025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss35439852025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15439852025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25439852025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss3iso4217:INRiso4217:INRxbrli:shares543985ZAGGLENOTLISTEDINE07K301024Zaggle Prepaid Ocean Services LimitedMain BoardEquity2025-04-012026-03-312026-02-12INRMillionsQuarterlyThird quarterSingle segmentOperating Segment2026-02-1214:30:002026-02-1215:35:00Not applicable2025-10-012025-12-31UnauditedConsolidated52554900008665000053421400000001943600001278000098470000453950000048451100004970300000497030000128360000-15900001267700000370260000000360000370620000-14700003691500003638900006730000362510000664000013445000012.762.75002.762.751.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. <BR> <BR> 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”). <BR> <BR> 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. <BR> <BR> 4. The consolidated financial results include results of the following entities: <BR> <BR> Name of the Entity Relationship with the Holding Company <BR> Span Across IT Solutions Private Limited Subsidiary <BR> Greenedge Enterprises Private Limited Subsidiary (w.e.f. September 30, 2025) <BR> Mobileware Technologies Private Limited Associate <BR> <BR> 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: <BR> <BR> Object of the issue as per prospectus Amount to be utilised as per prospectus Utilisation up to <BR> December 31 2025 Unutilised amount up to <BR> December 31 2025 <BR> Expenditure towards Customer acquisition and retention 3000.00 3000.00 - <BR> Expenditure towards development of technology and products 400.00 400.00 - <BR> Repayment/ pre-payment of certain borrowings, in full or part availed by the Company 170.83 170.83 - <BR> General corporate purposes 50.77 50.77 - <BR> Total 3621.60 3621.60 - <BR> <BR> 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. <BR> <BR> 7. Segment Reporting : <BR> (Rs in Million) <BR> Particulars Quarter Ended Nine months Ended Year Ended <BR> 31-Dec-25 30-Sep-25 31-Dec-24 31-Dec-25 31-Dec-24 31-Mar-25 <BR> Unaudited Unaudited Unaudited Unaudited Unaudited Audited <BR> Revenue from Customers <BR> Program fee 2111.29 1738.95 1355.13 5305.02 3885.63 5456.41 <BR> Propel platform revenue / Gift cards 3027.91 2465.50 1,920.58 7252.45 4768.20 7218.48 <BR> Platform fee / SaaS fee / Service fee 116.29 117.71 93.16 339.83 262.67 362.68 <BR> Total 5255.49 4322.16 3368.87 12897.30 8916.50 13037.57 <BR> Revenue from Customers <BR> Geographical Segment information <BR> Within India 5255.49 4322.16 3368.87 12897.30 8916.50 13037.57 <BR> Outside India - - - - <BR> Total 5255.49 4322.16 3368.87 12897.30 8916.50 13037.57 <BR> Notes: <BR> i) Segment information is presented for the "consolidated financial results" as permitted under the Ind AS 108 - 'Operating Segments". <BR> 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. <BR> 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. <BR> 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. <BR> 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. <BR> 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. <BR> 2025-04-012025-12-31UnauditedConsolidated1289730000029604000013193340000000530620000372800002433900001110053000011911820000128152000001281520000331450000-6040000325410000095611000000025410000981520000-52100009763100009748000006720000969680000663000013445000017.317.29007.317.29Incentives and cash back1417320000Other expenses296150000Cost of point redemption / gift cards2826030000Incentives and cash back3531440000Other expenses707420000Cost of point redemption / gift cards6861670000Remeasurement gain / (loss) of defined benefit plan-1390000Equity instruments through other comprehensive income-280000Share of OCI of associates (net of tax)-200000-1870000Remeasurement gain / (loss) of defined benefit plan-7690000Equity instruments through other comprehensive income820000Share of OCI of associates (net of tax)-170000-7040000-400000-183000000-1470000-5210000