Zaggle files FY26 BRSR report detailing governance and CSR spend
- Zaggle filed its FY26 BRSR report with NSE and BSE on September 7, 2026
- Zero disciplinary actions or regulatory fines reported for bribery or corruption
- Permanent employee turnover jumped to 58.66% from 33.52% in FY25
- CSR spend reached ₹13.82 million, focusing on education and welfare
- Scope 2 GHG emissions increased to 193.88 tCO2e from 130.67 tCO2e
*this image is generated using AI for illustrative purposes only.
Zaggle Prepaid Ocean Services has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the National Stock Exchange of India Limited and BSE Limited. The filing, dated September 7, 2026, outlines the company’s adherence to nine principles of responsible business conduct. It highlights zero disciplinary actions for bribery or corruption and full coverage of board members under awareness programmes.
Governance and Ethics
The report confirms strict compliance with ethical standards. Zaggle reported zero fines, penalties, or settlement amounts relating to regulatory or judicial proceedings during the year. All 100% of Board Members and Key Managerial Personnel (KMPs) were covered under awareness and familiarization programmes. The company maintains an Anti-Bribery and Anti-Corruption policy with a zero-tolerance approach. No complaints regarding conflict of interest were received from directors or KMPs in FY26 or FY25.
Employee Well-being and Diversity
Zaggle employed 310 permanent employees at the end of FY26, comprising 225 males and 85 females. The company provided 100% health and accident insurance coverage to all permanent employees. Turnover rates for permanent employees rose significantly to 58.66% in FY26, compared to 33.52% in FY25 and 30.05% in FY24. Female representation on the Board of Directors stood at 16.67%, while Key Management Personnel included one female member (25%).
Environmental Impact
As a digital-first fintech entity, Zaggle’s environmental footprint remains minimal. Total energy consumption from non-renewable sources was 997.12 Gigajoules in FY26, up from 657.03 Gigajoules in FY25. Water withdrawal from third-party sources increased to 56.86 kilolitres from 44.84 kilolitres in the previous year. Scope 2 greenhouse gas emissions rose to 193.88 tCO2e from 130.67 tCO2e. The company reported no significant adverse environmental impacts from its value chain.
Corporate Social Responsibility
Zaggle invested ₹13.82 million towards CSR initiatives in FY26. Of this amount, ₹6.82 million was contributed towards education, skill development, and welfare programmes for marginalised communities. The remaining funds supported healthcare, women empowerment, rural development, and livelihoods. The company reported zero human rights-related complaints during the financial year.
What the Numbers Show
The sharp rise in employee turnover to nearly 59% in FY26, more than double the rate seen in FY25, stands out against a backdrop of stable headcount at 310 permanent employees. This divergence suggests significant churn within the workforce rather than expansion-driven hiring, warranting attention to retention strategies despite high insurance coverage.
Historical Stock Returns for Zaggle Prepaid Ocean Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.50% | -3.56% | -9.98% | -14.91% | -53.10% | 0.0% |
How will Zaggle's sharp increase in employee turnover to 58.66% impact its operational stability and client service quality in the competitive fintech sector?
What specific retention strategies or cultural reforms is Zaggle planning to implement to reverse the upward trend in workforce churn observed in FY26?
Given the rising Scope 2 emissions and energy consumption, what concrete sustainability targets has Zaggle set for FY27 to align with broader ESG investor expectations?
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