The company clarified that the agreement has been awarded by a domestic entity and is in the nature of a service agreement. It also stated that neither its promoters nor promoter group entities have any interest in the awarding entity. Further, the transaction does not fall under related-party transactions.

Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business customer segment.

The company’s standalone net profit surged 77.7% to Rs 35.97 crore on a 47.9% rise in revenue from operations to Rs 497.63 crore in Q3 FY26 over Q3 FY25.

Shares of Zaggle Prepaid Ocean Services shed 0.18% to end at Rs 251.35 on 10 April 2026.