Zaggle Prepaid Ocean Services Ltd Recent Developments (Carried Over)

On October 3, the board approved raising up to ₹60 crore via up to 10,58,201 convertible warrants at ₹567 each (premium ₹566) on a preferential basis, with an EGM scheduled for October 31 to seek shareholder approval. This follows a loan agreement with Dice Enterprises for up to ₹15 crore at 12% p.a. for 12 months, executed on October 1. Earlier partnerships include a 5-year co-branded prepaid card deal with Mastercard (September 22, 2025, to 2030) and agreements with Suryoday Small Finance Bank and Standard Chartered Bank for similar expense management solutions.