Zaggle Prepaid Ocean Services and three other Indian companies have announced major order wins across fintech, infrastructure, and engineering sectors. The developments led to significant stock movements, with one aerospace and defense company hitting the upper circuit following its international contract announcement worth over ₹9 crores.

Zaggle Prepaid Ocean Services Secures Multiple Domestic Agreements

Zaggle Prepaid Ocean Services Ltd, a fintech and SaaS company offering digital spend management and prepaid card solutions, has secured five new domestic agreements across fintech, retail, energy, insurance, and manufacturing sectors. The Hyderabad-headquartered company, incorporated in June 2011, serves enterprises across multiple sectors with a current market capitalization of ₹3,720 crores.

The company's recent partnerships include collaborations with IRM Energy for fleet management programs, HDFC ERGO for the Zaggle Propel rewards platform, and Honda India Power Products for expense management and employee benefits solutions.

The company's stock declined 3.8% to ₹274.00 from the previous close of ₹285.00, despite the positive business developments.

AXISCADES Technologies Wins International Contract Worth ₹9+ Crores

AXISCADES Technologies Ltd emerged as the standout performer, with its stock hitting the upper circuit at ₹1,156.00, representing a 5% gain from the previous close of ₹1,101.00. The Bengaluru-based engineering and technology solutions company, incorporated in December 1990, operates across aerospace, defense, automotive, energy, and heavy engineering sectors.

The company's subsidiary, Mistral Solutions Private Limited, secured an international development contract from a hyperscaler customer valued at approximately $1 million (over ₹9 crores). The multi-year contract involves testing audio products at Mistral's newly established Acoustic Lab at the Aeroland facility.

Infrastructure Companies Secure Railway and Water Treatment Orders

Monarch Surveyors and Engineering Consultants Ltd received a Letter of Acceptance from South East Central Railway for a ₹2.02 crore project involving measurement of railway yards using advanced trolley systems. The Pune-headquartered infrastructure consultancy, established in July 1999, primarily serves government clients and maintains a market capitalization of ₹272.00 crores.

Sattva Engineering Construction Ltd secured a purchase order worth ₹20.16 lakh from 21st Century Enviro Engineers Private Limited for engineering services at a Sewerage Treatment Plant in Deoband, Saharanpur, Uttar Pradesh. The Chennai-based infrastructure company, incorporated in December 2005, will execute the project within one week, marking its entry into the Uttar Pradesh market.

Market Response and Business Outlook

The order announcements reflect strong business momentum across diverse sectors, with companies demonstrating robust financial performance. AXISCADES' upper circuit movement highlighted investor confidence in the aerospace and defense sector, while the infrastructure companies' government contracts indicate steady demand for engineering and consultancy services. These developments showcase the companies' ability to secure contracts across domestic and international markets, supporting their growth trajectories in their respective sectors.

Zaggle Prepaid Ocean Services Limited has informed stakeholders about a structural change in its statutory auditor's business format, which became effective from January 12, 2026. The company issued the notification on January 23, 2026, through reference number ZAGGLE/25-26/141.

Auditor Firm Conversion Details

The company's statutory auditor, M S K A & Associates, Chartered Accountants, has converted its partnership firm structure into a Limited Liability Partnership (LLP) under the provisions of the Limited Liability Partnership Act, 2008. The key details of this conversion are presented below:

Continuity of Audit Services

Zaggle Prepaid Ocean Services has emphasized that this structural conversion does not impact the auditor's responsibilities or tenure. The company has clarified that the conversion does not constitute a resignation of the existing auditor or the appointment of a new auditor. M S K A & Associates LLP will continue to function as the statutory auditor and discharge all obligations for the remaining period of their approved tenure.

Regulatory Compliance

The notification was signed by Hari Priya, Company Secretary and Compliance Officer of Zaggle Prepaid Ocean Services Limited, and digitally authenticated on January 23, 2026. The company has requested stakeholders to take this information on record as part of its regulatory compliance obligations.

This conversion represents a common business restructuring practice where professional service firms transition to LLP structures while maintaining operational continuity and client relationships.