5439852026-01-012026-03-315439852026-03-315439852025-03-315439852025-04-012026-03-315439852026-01-012026-03-31in-capmkt:OtherExpenses1Member5439852026-01-012026-03-31in-capmkt:OtherExpenses2Member5439852026-01-012026-03-31in-capmkt:OtherExpenses3Member5439852025-04-012026-03-31in-capmkt:OtherExpenses1Member5439852025-04-012026-03-31in-capmkt:OtherExpenses2Member5439852025-04-012026-03-31in-capmkt:OtherExpenses3Member5439852026-03-31OtherNoncurrentFinancialAssetsDomain15439852026-03-31OtherNoncurrentAssetsDomain15439852026-03-31OtherNoncurrentAssetsDomain25439852026-03-31OtherNoncurrentAssetsDomain35439852026-03-31OtherNoncurrentAssetsDomain45439852026-03-31OtherCurrentFinancialAssetsDomain15439852026-03-31OtherCurrentAssetsDomain15439852026-03-31OtherNoncurrentFinancialLiabilitiesDomain15439852026-03-31OtherCurrentFinancialLiabilitiesDomain15439852026-03-31OtherCurrentFinancialLiabilitiesDomain25439852026-03-31OtherCurrentLiabilitiesDomain15439852026-01-012026-03-31in-capmkt:ReportableSegments1Member5439852026-01-012026-03-31in-capmkt:ReportableSegments2Member5439852026-01-012026-03-31in-capmkt:ReportableSegments3Member5439852025-04-012026-03-31in-capmkt:ReportableSegments1Member5439852025-04-012026-03-31in-capmkt:ReportableSegments2Member5439852025-04-012026-03-31in-capmkt:ReportableSegments3Member5439852026-01-012026-03-31in-capmkt:ReportableSegments1Member5439852026-01-012026-03-31in-capmkt:ReportableSegments2Member5439852026-01-012026-03-31in-capmkt:ReportableSegments3Member5439852025-04-012026-03-31in-capmkt:ReportableSegments1Member5439852025-04-012026-03-31in-capmkt:ReportableSegments2Member5439852025-04-012026-03-31in-capmkt:ReportableSegments3Member5439852026-01-012026-03-31in-capmkt:ReportableSegments1Member5439852026-03-31in-capmkt:ReportableSegments1Member5439852026-01-012026-03-31in-capmkt:ReportableSegments2Member5439852026-03-31in-capmkt:ReportableSegments2Member5439852026-01-012026-03-31in-capmkt:ReportableSegments3Member5439852026-03-31in-capmkt:ReportableSegments3Member5439852026-01-012026-03-31in-capmkt:ReportableSegments1Member5439852026-03-31in-capmkt:ReportableSegments1Member5439852026-01-012026-03-31in-capmkt:ReportableSegments2Member5439852026-03-31in-capmkt:ReportableSegments2Member5439852026-01-012026-03-31in-capmkt:ReportableSegments3Member5439852026-03-31in-capmkt:ReportableSegments3Member5439852026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15439852026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25439852026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss35439852025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15439852025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25439852025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss35439852026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares543985ZAGGLENOTLISTEDINE07K301024Zaggle Prepaid Ocean Services LimitedMain BoardEquity2025-04-012026-03-312026-05-132026-05-10INRMillionsQuarterlyFourth quarterMulti segment2026-05-1314:15:002026-05-1315:35:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated617916000083990000626315000000017357000016020000125410000542222000057372200005259300000525930000139790000-11800001386100000387320000000187100004060300003560000409590000406040000-100004095800001000013446000013.033.03003.033.031. The above consolidated financial results of Zaggle Prepaid Ocean Services Limited (the Company / Holding Company) for the quarter and year ended March 31 2026 were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meeting held on May 13 2026. The Statutory Auditors have issued an unmodified audit opinion on the financial results for the year ended March 31 2026 and have issued an unmodified conclusion in respect of limited review for the quarter ended March 31 2026. <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> 3. During the year ended 2025-26, pursuant to the share purchase agreement dated December 05 2025 the Company acquired 100% of the shareholding in Rivpe Technology Private Limited, and the acquisition was completed on March 30 2026. Consequent to this acquisition, Rivpe Technology Private Limited became a wholly owned subsidiary of the Company with effect from March 30 2026. Further Omnicash Fintech Private Limited being a wholly owned subsidiary of RTPL, became a step-down wholly owned subsidiary of the Company. <BR> 4. During the year 2025-26 pursuant to the Share Subscription Agreement dated September 29 2025 the Company acquired 55.56% of the shareholding in Greenedge Enterprises Private Limited and the acquisition was completed on September 30 2025. Consequent to this acquisition, the Greenedge Enterprises Private Limited became a subsidiary of the Company with effect from September 30 2025. Further pursuant to 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 with effect from December 05 2025 <BR> During the quarter ended September 30 2025 the transaction was initially accounted on provisional basis. During the quarter ended March 31 2025 Management has concluded on the purchase price allocation based on the report of the external independent expert and has finalized the accounting for business combination in accordance with the Ind AS 103. <BR> 5. During the quarter and year ended March 31 2026 the Company incorporated a wholly-owned subsidiary Zaggle Payments IFSC Limited in GIFT City, Gujarat, India. The Certificate of Incorporation was issued by the Ministry of Corporate Affairs on February 25 2026. The subsidiary has been incorporated with an initial paid-up share capital of Rs. 1.00 Lakh to engage in providing SaaS-based spend management solutions and expanding global cross-border payments capabilities. <BR> 6. The consolidated financial results include results of the following entities: <BR> Name of the Entity Relationship with the Holding Company <BR> Span Across IT Solutions Private Limited Wholly Owned Subsidiary <BR> Greenedge Enterprises Private Limited Subsidiary (w.e.f. September 30 2025) <BR> Rivpe Technology Private Limited Subsidiary (w.e.f. March 30 2025) <BR> Omnicash Fintech Private Limited Subsidiary of Rivpe Technology Private Limited <BR> Zaggle Payments IFSC Limited Wholly Owned Subsidiary (w.e.f. February 25 2026) <BR> Mobileware Technologies Private Limited Associate (w.e.f. March 25 2025) <BR> 7. 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 March 31 2026 are as follows: <BR> (Rs. in Million) <BR> Object of the issue as per prospectus Amount to be utilised as per prospectus Utilisation up to March 31 2026 Unutilised amount up to March 31 2026 <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> The Company has fully utilized the IPO proceeds as at March 31, 2026 for the purpose for which the funds has been raised. <BR> 8. 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. 1912.97 million as at March 31 2026 for repayment of certain borrowings strategic investment (acquisition of shares in associate and subsidiaries) general corporate purpose and the balance unutilised Rs. 3828.40 million are temporarily invested as deposits with scheduled commercial banks and in monitoring account. <BR> 9. Segment Reporting : <BR> (Rs. in Million) <BR> Particulars Quarter Ended Year Ended <BR> 31-Mar-26 31-Dec-25 31-Mar-25 31-Mar-26 31-Mar-25 <BR> Audited <BR> (Refer Note 14) Unaudited Audited <BR> (Refer Note 14) Audited Audited <BR> Revenue from Customers <BR> Program fee 2218.33 2111.29 1570.78 7523.35 5456.41 <BR> Propel platform revenue / Gift cards 3821.62 3027.91 2450.28 11074.07 7218.48 <BR> Platform fee / SaaS fee / Service fee 139.21 116.29 100.01 479.04 362.68 <BR> Total 6179.16 5255.49 4121.07 19076.46 13037.57 <BR> Revenue from Customers <BR> Geographical Segment information <BR> Within India 6179.16 5255.49 4121.07 19076.46 13037.57 <BR> Outside India - - - - - <BR> Total 6179.16 5255.49 4121.07 19076.46 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> 10. 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 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> 11. On November 21 2025 the Government of India notified the four Labour Codes - the Code on Wages, 2019 the Industrial Relations Code 2020 the Code on Social Security 2020 and the Occupational Safety Health and Working Conditions Code 2020 - consolidating 29 existing labour laws. The Ministry of Labour and Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed the impact of the changes consistent with the Labour Codes draft rules and FAQs. The Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed <BR> 12. During the quarter ended March 31 2026 the Company allotted 6478 equity shares at an exercise price of Rs. 164 per option under the Employee Stock Options Scheme of the Company. <BR> 13. Subsequent to the quarter ended March 31 2026 the Board of Directors of the Company, at its meeting held on May 08 2026 approved the proposed acquisition of assets from Dice Enterprises Private Limited comprising inter alia software databases/codebase contracts intellectual property domain names and other related assets in the spend management space for a consideration of approximately Rs. 679 million plus applicable taxes. The completion of the proposed transaction is subject to the fulfilment of closing conditions and execution requirements as specified under the Asset Purchase Agreement – Software Intellectual Property Assignment Agreement and Asset Purchase Agreement – Contracts. <BR> 14. The figures for the quarters ended March 31 2026 and March 31 2025 represent the balancing figures between the audited figures for the financial years ended March 31 2026 and March 31 2025 and the reviewed unaudited results for the nine months ended December 31 2025 and December 31 2024 respectively.2025-04-012026-03-31AuditedConsolidated1907646000038003000019456490000000704190000533000003688000001652275000017649040000180745000001807450000471240000-722000046402000001343430000000441200001387550000-16500001385900000138083000067200001379260000664000013446000011390766000010.2810.260010.2810.26Incentives and cash back1521200000Other expenses242890000Cost of point redemption / gift cards3658130000Incentives and cash back5052640000Other expenses950310000Cost of point redemption / gift cards105198000003765200000050428000012295400006657600000032178000001001000001199200005418000001499700003467870000841000003611770000105982000043979000000724800009141970000291827000012068650000155365200001344600001390766000014042120000258400001406796000004668000046680000376500008433000045402000091000020713000020804000020023000086229000047056000044200004696000001384230000146856000015536520000Other financial assets119920000Other non-current assets27130000Right-of-use assets78020000Income-tax assets (net)43010000Deferred tax assets (net)1810000Other financial assets72480000Other current assets2918270000Lease liabilities46680000Lease liabilities45640000Other financial liabilities154590000Other current liabilities470560000Program fee2218330000Propel platform revenue / Gift cards3821620000Platform fee / SaaS fee / Service fee139210000Program fee7523350000Propel platform revenue / Gift cards11074070000Platform fee / SaaS fee / Service fee479040000617916000019076460000617916000019076460000Program fee0Propel platform revenue / Gift cards0Platform fee / SaaS fee / Service fee0Program fee0Propel platform revenue / Gift cards0Platform fee / SaaS fee / Service fee00000Program fee0Propel platform revenue / Gift cards0Platform fee / SaaS fee / Service fee0000Program fee0Propel platform revenue / Gift cards0Platform fee / SaaS fee / Service fee00000-5100000-12865500000000-92143000004993000008842000003688000000-148700000105380000000022290000000000-15931300002143200000-53300000-3617200004205800000-5146800000518460000000000010711400000000000000000100100000000035584000002085120000751260000002260000162680000000040312000034480000388500000533000000044143000067801000006780100003818100001059820000Remeasurement gain / (loss) of defined benefit plan3780000Equity instruments through other comprehensive income-550000Share of OCI of associate (net of tax)300003260000Remeasurement gain / (loss) of defined benefit plan-3910000Equity instruments through other comprehensive income270000Share of OCI of associate (net of tax)-140000-3780000-300000-21300003560000-1650000AuditedtrueMSKA Associates LLPtrue2027-07-31