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This domestic agreement is for a period of three years.
The announcement was made before market hours today.
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-to-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.
The scrip tumbled 4.65% to currently trade at Rs 216.50 on the BSE.
The company also clarified that neither its promoters nor promoter group entities have any interest in Blue Star, the awarding authority. It further stated that the transaction does not qualify as a related-party transaction under applicable regulatory norms.
Shares of Zaggle Prepaid Ocean Services rose 0.81% to settle at Rs 217.20 on the BSE.
Separately, Zaggle has signed a five-year agreement with Saurashtra Cement to deploy its Zaggle Save platform for employee expense management and benefits administration. All the agreements are domestic in nature and do not qualify as related-party transactions. The company clarified that there is no promoter or promoter group interest in the awarding entities.
Shares of Zaggle Prepaid Ocean Services shed 0.47% to Rs 231.85 on the BSE.
Hindustan Copper Ltd, Zaggle Prepaid Ocean Services Ltd, Gujarat Mineral Development Corporation Ltd and Engineers India Ltd are among the other losers in the BSE's 'A' group today, 17 February 2026.
The Anup Engineering Ltd crashed 4.67% to Rs 1793 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 14028 shares were traded on the counter so far as against the average daily volumes of 14024 shares in the past one month.
Hindustan Copper Ltd tumbled 4.66% to Rs 547.7. The stock was the second biggest loser in 'A' group.On the BSE, 20.53 lakh shares were traded on the counter so far as against the average daily volumes of 51.65 lakh shares in the past one month.
Zaggle Prepaid Ocean Services Ltd lost 4.29% to Rs 259.7. The stock was the third biggest loser in 'A' group.On the BSE, 1.65 lakh shares were traded on the counter so far as against the average daily volumes of 93838 shares in the past one month.
Gujarat Mineral Development Corporation Ltd shed 4.15% to Rs 540.4. The stock was the fourth biggest loser in 'A' group.On the BSE, 3.06 lakh shares were traded on the counter so far as against the average daily volumes of 4.04 lakh shares in the past one month.
Engineers India Ltd slipped 3.97% to Rs 217.75. The stock was the fifth biggest loser in 'A' group.On the BSE, 47.17 lakh shares were traded on the counter so far as against the average daily volumes of 7.43 lakh shares in the past one month.
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-to-customer segment. It is one of the largest numbers of issued prepaid cards in India in partnership with its banking partners. Additionally, the company has a diversified portfolio of software as a service (SaaS) products, including tax and payroll software, and a wide touchpoint reach.
The company’s standalone net profit surged 79.1% to Rs 33.24 crore on a 42.4% rise in revenue from operations to Rs 430.98 crore in Q2 FY26 over Q2 FY25.
Shares of Zaggle Prepaid Ocean Services fell 1.16% to Rs 293.75 on the BSE.