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PREPAID OCEAN SERVICES LIMITEDMain BoardEquity2025-04-012026-03-312026-05-132026-05-10INRMillionsQuarterlyFourth quarterSingle segmentOperating Segment2026-05-1314:15:002026-05-1315:35:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2026-02-12https://ir.zaggle.in/wp-content/uploads/2026/03/policy-on-materiality-of-related-party-transaction.pdftrue3falseNot applicable, no default.2026-01-012026-03-31AuditedStandalone592713000077490000600462000000016464000014870000104130000521411000054977500005068700000506870000132360000-319000012917000003777000000000377700000359000038129000013446000012.812.81002.812.81Notes: <BR> <BR> The above standalone financial results of Zaggle Prepaid Ocean Services Limited (the 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> 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). <BR> 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 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 <BR> 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> 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> 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 & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed the impact of the changes consistent with the Labour Codes draft rules and FAQs. The Company 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> 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> 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> 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 year ended March 31 2026. <BR> 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. <BR> 2025-04-012026-03-31AuditedStandalone1852812000037259000018900710000000677700000533000003457800001604470000017121480000177923000001779230000458690000-80100004506800000132855000000001328550000-84000013277100001344600001138673900009.899.87009.899.87Cost of point redemption / gift cards3472420000Incentive and Cash back1521200000Other Expenses220490000Cost of point redemption / gift cards10116630000Incentive and Cash back5052640000Other Expenses875430000373990000000886340000665760000001923190000014185000011964000021846800001539000011636000042425200008410000033393000009696600004381800000070320000876108000021856300001095512000000151976400001344600001386739000014001850000140018500000000466800004668000033060000797400004390400007500006984000070590000190130000699760000396530000620000191400001116050000119579000015197640000Other non-current financial assets119640000Other non-current assets27140000Right-of-use assets78010000Income-tax assets (net)11210000Other current financial assets70320000Other current assets2185630000Lease Liabilities46680000Other current financial liabilities144490000Lease Liabilities45640000Other current liabilities3965300000-5100000-11903100000-44483000000-637500000355600000690800000345780000001189000099440000000022290000000000-11199500006592800000-53300000-3692500004065200000-631900000716130000000000010700100000000000000002991000013340000000003609400000176972000018121000000257400001499900000000388140000038840000053300000004717300005897500000589750000379910000969660000Remeasurement gain / (loss) of defined benefit plan3970000Equity instruments through other comprehensive income-5500003420000Remeasurement gain / (loss) of defined benefit plan-2890000Equity instruments through other comprehensive income270000-2620000-170000-17800003590000-840000Zaggle Prepaid Ocean Services Limited******Span Across IT Solutions Private Limited******SubsidiaryPurchase of goods or services-11000000Zaggle Prepaid Ocean Services Limited******Span Across IT Solutions Private Limited******SubsidiaryInterest received-113000001800000Zaggle Prepaid Ocean Services Limited******Prismberry Technologies Private Limited******Entities in which KMP or KMP's relative exercise significant influenceAny other transactionRental Income from subleasing-50000010000Zaggle Prepaid Ocean Services Limited******eYantra Ventures Limited******Entities in which KMP or KMP's relative exercise significant influenceAny other transactionLease Income-300000050000Zaggle Prepaid Ocean Services Limited******eYantra Ventures Limited******Entities in which KMP or KMP's relative exercise significant influenceAny other transactionPrepaid card loading-6900000360000Zaggle Prepaid Ocean Services Limited******Greenedge Enterprises Private Limited******Wholly Owned SubsidiarySale of goods or services-138070000014920000Zaggle Prepaid Ocean Services Limited******Mobileware Technologies Private Limited******AssociatePurchase of goods or services-55000000Zaggle Prepaid Ocean Services Limited******Raj P Narayanam******Executive DirectorRemuneration-510000000Zaggle Prepaid Ocean Services Limited******Avinash Ramesh Godkhindi******Managing Director & Chief Executive OfficerRemuneration-449000000Zaggle Prepaid Ocean Services Limited******Shreya Raj Narayanam******Relative of DirectorsAny other transactionSalary-50000000Zaggle Prepaid Ocean Services Limited******Span Across IT Solutions Private Limited******SubsidiaryAny other transactionPrepaid card loading-510000070000Zaggle Prepaid Ocean Services Limited******Span across IT Soloutions Pvt Ltd******SubsidiaryLoan-333000001505000041750000Loan0.1Repayable On DemandUnsecuredBusiness PurposeZaggle Prepaid Ocean Services Limited******Greenedge Enteprises Pvt ltd******Wholly Owned SubsidiaryInvestment-2500000000250000000Investment0NAUnsecuredWorking Capital Requirement and other expansion costsZaggle Prepaid Ocean Services Limited******Rivpe Technology Pvt Ltd******Wholly Owned SubsidiaryInvestment-5000000000500000000Investment0NAUnsecuredWorking Capital Requirement and Expansion & Growth planSpan Across IT Solutions Private Limited******Zaggle Prepaid Ocean Services Limited******Holding CompanySale of goods or services-11000000Span Across IT Solutions Private Limited******Zaggle Prepaid Ocean Services Limited******Holding CompanyInterest paid-113000001800000Span Across IT Solutions Private Limited******Zaggle Prepaid Ocean Services Limited******Holding CompanyAny other transactionPrepaid card loading-510000070000Span Across IT Solutions Private Limited******eYantra Ventures Limited******Related Party of Holding CompanyPurchase of goods or services-46000000Greenedge Enterprises Private Limited******Golftripz Pte Ltd.******Common DirectorPurchase of goods or services-799000000Greenedge Enterprises Private Limited******Zaggle Prepaid Ocean Services Limited******Holding CompanyPurchase of goods or services-138070000014920000Greenedge Enterprises Private Limited******Zaggle Prepaid Ocean Services Limited******Holding CompanyAny other transactionReceipt of Cashback-820000000Zaggle Prepaid Ocean Services Limited******Greenedge Enterprises Private Limited******Wholly Owned SubsidiaryAny other transactionCashback Given-820000000Rivpe Technology Pvt Ltd******Zaggle Prepaid Ocean Services Limited******Holding CompanyAny other transactionIssue of Shares-50000000000Rivpe Technology Pvt Ltd******Omnicash Fintech Private Limited******Wholly Owned SubsidiaryAny other transactionSale of Share Service-2110000000Rivpe Technology Pvt Ltd******Omnicash Fintech Private Limited******Wholly Owned SubsidiaryAdvance-000Omnicash Fintech Private Limited******Rivpe Technology Pvt Ltd******Holding CompanyAny other transactionSale of Share Service-2110000000Omnicash Fintech Private Limited******Rivpe Technology Pvt Ltd******Holding CompanyAdvance-0001641670000AuditedtrueMSKA & Associates LLPtrue2027-07-31Public Issues2023-09-2239200000002026-03-31trueCARE RATINGS LIMITEDfalseRajesh TummalagantiChief Financial OfficerHyderabad2026-05-13QIP2024-12-2359484000002026-03-31trueCARE RATINGS LIMITEDfalsePreferential Issues2025-12-161499000002026-03-31falsefalseNANANAExpenditure towards customer acquisition and retentionNA3000000000030000000000Expenditure towards development of technology and productsNA40000000004000000000Repayment or pre-payment of certain borrowings, in full or in part, availed by the CompanyNA17083000001708300000General corporate purposesNA5099000050770000711400000The funds have been utilized towards salary payments and vendor payments. There is an overutilization of <br></br> funds to the tune of Rs. 2.037 crore on account of surplus from the issue expenses utilized in GCPStrategic investments, acquisitions and inorganic growth opportunities by our Company and our Subsidiary, SAISPLNA3750000000012152000000Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by our CompanyNA59140000005914000000General corporate purposesNA140000000001067000000Issue related expensesNA20700000002070000000Expenditure brand building activities including promotions,advertisements, marketing, and related initiatives, aims to enhance the Company's and its subsidiaries' market reach and visibilityNA3999000000928000000Working CapitalNA600000000500000000General Corporate PurposesNA140000000000