zaggle prepaid ocean services has invested ₹7,96,00,640 in Unobanc Private Limited to acquire a 19.9% equity stake, strengthening its position in the cross-border payments and remittances sector. The Board of Directors approved the investment on July 21, 2026, and the transaction was completed on July 23, 2026. This strategic move enhances Zaggle's ability to offer forex financial solutions to corporate and retail customers beyond Indian borders.

Unobanc Private Limited, a wholly owned subsidiary of Hop Financial Solutions Limited, provides technology infrastructure for digital cross-border payments and remittances in India. The entity holds a Fully Fledged Money Changing (FFMC) license and has received in-principal approval from the Reserve Bank of India for an Authorised Dealer Category II license. The company was incorporated on January 24, 2019, and operates solely in India.

The investment was made via cash consideration through a preferential issue of 62,188 equity shares of face value ₹10 each on a private placement basis. This is not a related party transaction, and the promoter, promoter group, or group companies of Zaggle Prepaid Ocean Services Limited have no interest in Unobanc Private Limited.

Financial Performance of Unobanc Private Limited

The target entity has demonstrated consistent growth in turnover over the past three financial years, along with a recovery in EBITDA margins.

Unobanc Private Limited has an issued share capital of ₹25,00,000, divided into 2,50,000 equity shares of ₹10 each. The investment aligns with Zaggle's objective to expand its service offerings in the fintech space.

Zaggle Prepaid Ocean Services Limited has authorized its Key Managerial Personnel (KMP) to determine the materiality of events or information and make necessary disclosures to stock exchanges. The Board of Directors approved this authorization at its meeting held on July 21, 2026, pursuant to Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The authorization allows designated officers to assess the significance of corporate developments independently. This move ensures timely compliance with disclosure requirements, maintaining transparency for shareholders and regulatory bodies.

Authorized Personnel

The following four executives have been empowered to determine materiality and effect disclosures:

The Board meeting commenced at 11:00 AM (IST) and concluded at 12:45 PM (IST). The intimation was submitted to the National Stock Exchange of India Limited and BSE Limited on July 21, 2026.