Zaggle Prepaid Ocean Services Ltd. approved a plan to raise as much as Rs 59.99 crore through a preferential issue of warrants, the company said in a stock exchange filing on Friday. The Hyderabad company's board signed off on issuing up to 1.06 million warrants at Rs 567 apiece. Each warrant can be converted into one fully paid equity share with a face value of Re 1.

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Zaggle Pay as you go Ocean Providers Ltd. authorized a plan to lift as a lot as Rs 59.99 crore by a preferential problem of warrants, the corporate mentioned in a inventory trade submitting on Friday. The Hyderabad firm’s board signed off on issuing as much as 1.06 million warrants at Rs 567 apiece. Every warrant could be transformed into one absolutely paid fairness share with a face worth of Re 1. The problem worth features a premium of Rs 566 per share. The warrants will likely be allotted to 2 buyers: RAN Ventures Pvt., a part of the promoter group, and Bennett Coleman & Co.

Zaggle Prepaid Ocean Services reported a 54.8% year-on-year increase in profit for the June quarter, helped by robust revenue growth and marginally lower other expenses. Net profit rose to Rs 25.88 crore in Q1 FY26 from Rs 16.72 crore a year earlier. Revenue from operations climbed 31.4% to Rs 331.49 crore, while total income rose 33.7% to Rs 343.20 crore as per the standalone financial results.

Zaggle Prepaid Ocean Services Limited (Zaggle), India's leading spend management company announced a partnership with Standard Chartered Bank. Under the partnership, Zaggle will introduce its innovative prepaid card solutions designed to help Standard Chartered's corporate customers to seamlessly manage expenses and enhance control over corporate spending and therefore offer greater convenience to their employees. The prepaid card offering will cater to corporates looking for a secure, controlled and easily trackable way to manage employee expenses, travel allowances and vendor payments.The partnership echoes a growing trend where FinTech innovators and Global Banking leaders join hands to create tech-driven, future-ready financial ecosystems. With India's rapidly digitizing economy, prepaid card is set to become a critical tool for CFOs and finance teams to drive efficiency, accountability and agility in their respective organizations.This partnership will empower Zaggle and SCB customers to transform the way they manage business expenses. By integrating advanced prepaid card technology, corporates can gain real- time visibility into spending, set dynamic controls and simplify reconciliation processes. The solution not only enhances financial oversight and operational efficiency but also provides employees with secure, flexible payment options, delivering greater convenience.Speaking about the collaboration, Dr. Raj P Narayanam, Founder & Executive Chairman of Zaggle, said, "At Zaggle, we are commited to reshaping the way businesses manage their expenses. Partnering with Standard Chartered Bank is a significant milestone that will enable us to deliver more value to our clients by offering integrated, intelligent and scalable spend solutions.""We are excited to partner with Zaggle to offer innovative prepaid card solutions," said Sachit Sahni, Head Transaction Banking, India and South Asia from Standard Chartered Bank. "This will provide our corporate customers yet another tool to manage their payables through a cashless, seamless, secure and rewarding payment experience."About Zaggle Founded in 2011, Zaggle (BSE: 543985 & NSE: ZAGGLE) is a leading player in spend management, offering a differentiated value proposition with a diversified user base. Operating within the business-to-business-to-customer (B2B2C) segment, Zaggle stands out as one of the few companies with a comprehensive range of financial technology products and services.Zaggle is one of Indias top issuers of prepaid cards, collaborating with 16 banking partners to drive its card offerings. The company also boasts a diverse portfolio of SaaS products and an extensive network of touchpoints.As of June 30, 2025, Zaggle has issued over 50 million prepaid cards, serves more than 3,500 corporate enterprise clients, and supports a user base exceeding 3.39 million. With a robust corporate client base spanning various industries, including banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobiles, Zaggle is well-positioned as a leading player in the spend management sector.For more information, please visit the company website www.zaggle.in or follow us on LinkedIn www.linkedin.com/company/zaggleappAbout Standard Chartered Standard Chartered has been operating in India with a continuous presence of over 165 years making it one of the oldest foreign banks in the country. The Bank has a network of 100 branches across 42 cities. Key business segments include Corporate and Investment Banking and Wealth and Retail Banking. For more information, visit www.sc.com/inGlobally, we are a leading international banking group, with a presence in 54 of the world's most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook. Zaggle Partners with Standard Chartered Bank to Redefine Corporate Spend Management with its Prepaid Card Solutions