Zaggle Prepaid Ocean Services Limited has won two awards at the Afaqs BankFin 360 Awards 2026, recognizing its leadership in loyalty programs and event marketing strategies.

The company received a Gold Award in the category of Best Loyalty & Rewards Program for its product Zaggle Propel.AI. Additionally, it secured a Silver Award in the category of Best Event Marketing Strategy for its initiatives Zaggle SpendSmart and SaveSmart.

Award Details

The awards were presented during the ceremony held on October 8, 2026. The specific categories and products recognized are detailed below:

Regulatory Intimation

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, the company filed an intimation with both the National Stock Exchange of India and BSE Limited on October 9, 2026. The filing confirmed the receipt of these accolades and enclosed copies of the awards for the record.

Zaggle Prepaid Ocean Services Limited has approved the incorporation of a wholly owned subsidiary, Zaggle Holding Limited, in the Abu Dhabi Global Market (ADGM). This strategic move aims to establish a base for fintech, SaaS, and AI operations while holding investments in group and third-party entities.

The Board of Directors granted approval during a meeting held on October 6, 2026. The new entity will be registered under the laws of the United Arab Emirates, specifically within the ADGM jurisdiction. The company intends to engage in financial technology and software-as-a-service businesses through this vehicle.

Capital structure and ownership

The proposed subsidiary will be incorporated with an initial capital equivalent to USD 10,000. This amount is to be infused in one or more tranches, adhering to applicable local laws and regulatory requirements. Zaggle will retain 100% shareholding in the new entity, ensuring complete control over its operations and strategic direction.

Regulatory and operational scope

The incorporation process requires approval from the ADGM Registration Authority and any other necessary governmental bodies. The subsidiary is designed to act as a holding company for investments in both internal group structures and external third-party entities. This structure allows for flexible capital allocation and strategic partnerships within the global fintech ecosystem.

The board meeting commenced at 1:30 pm and concluded at 2:15 pm. The company filed this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.