Zaggle Prepaid Ocean Services will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

Zaggle Prepaid Ocean Services has approved the allotment of 2,29,134 equity shares having face value of INR 1 each, as fully paid-up, to the eligible employees, upon exercise of vested options Powered by Capital Market - Live

Zaggle Prepaid Ocean Services will hold a meeting of the Board of Directors of the Company on 30 October 2024Powered by Capital Market - Live

Zaggle Prepaid Ocean Services (Zaggle), has entered into an agreement with Innovative Retail Concepts and Supermarket Grocery Supplies to provide Zaggle Petty cash management solutions for employees. Powered by Capital Market - Live

Zaggle Prepaid Ocean Services has entered into an agreement with Equinox India (formerly Indiabulls Real Estate) for providing the Zaggle Propel reward platform. Powered by Capital Market - Live

Mobileware is a Mumbai based private company at the forefront of the digital payments innovation in India and they offer integrated product suite of NPCI certified switch solutions across UPI, IMPS, AEPS & BBPS, along with an API & Agency banking platform called Transxt. Its turnover was Rs 16.99 crore in FY24. The company would be able to leverage its expertise and infrastructure to make solutions and embedded payment experiences best-in-class for its esteemed clientele. It would also be able to co-create multiple use-cases for customers while keeping payments at the forefront through lending stack, credit solutions, card management services etc. The proposed acquisition is contingent upon the execution of the final agreement and the fulfilment or waiver of the conditions precedent, as mutually agreed upon by the parties. Meanwhile, the board has also approved to acquire 98.32% stake in Span Across IT Solutions. The company will acquire 10,66,314 equity shares with a face value of Rs 10 each at a price of Rs 300.80 per share. Span Across IT Solutions deals in online income tax return preparation services and development of software. It turnover was Rs 4.73 crore in FY24. The said acquisition will be completed within the period of 45 days from the date of approval by the board of directors of the company. Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach. The company's consolidated net profit surged to Rs 167.34 crore in Q1 FY25 as comapred with Rs 20.55 crore in corresponding quarter last year. Revenue from operations stood at Rs 252.20 crore, steeply higher than Rs 118.47 crore in same quarter last year.Powered by Capital Market - Live

The Board of Zaggle Prepaid Ocean Services at its meeting held on 25 September 2024 has approved the acquisition of 10,66,314 equity shares of face value of Rs. 10/- each at a price of Rs. 300.80/- per share (including a premium of Rs. 290.80/- per share) constituting 98.32% stake in Span Across IT Solutions (Span Across) consequent to which Span Across will become a subsidiary of the Company, following the completion of the procedural requirements.Powered by Capital Market - Live

Zaggle Prepaid Ocean Services (Zaggle), has entered into a strategic alliance agreement with Founderlink Technologies. Founderlink Technologies shall offer financial facility (Business Loan) to Zaggle Corporate customers, their vendors and channel partners.Powered by Capital Market - Live

Zaggle Prepaid Ocean Services has entered into a service agreement with HDFC ERGO General Insurance Company to provide the Zaggle Propel reward platform (Channel rewards & recognition).Powered by Capital Market - Live

Zaggle Prepaid Ocean Services and Open Network for Digital Commerce (ONDC) have signed agreement for facilitating the issuance of Prepaid Payment Instruments to the Customers/Sponsor Organizations for rewarding their employees, partners and consumers.Powered by Capital Market - Live