Zaggle Prepaid Ocean Services Ltd , a prominent player in the fintech space, has announced a significant business development that could potentially boost its market presence and revenue streams.

Key Deal Highlights

• Agreement Duration: 36 months
• Partner: V-Mart Retail Ltd
• Platform: Zaggle Zoyer
• Nature: Domestic agreement
• Related Party Transaction: No

Zaggle Prepaid Ocean Services Ltd has entered into a 36-month agreement with V-Mart Retail Ltd for its Zaggle Zoyer platform. This strategic move aims to leverage Zaggle's fintech solutions in the retail sector, potentially enhancing V-Mart's operational efficiency.

Deal Specifics

The company has provided the following details about the agreement:

Implications and Outlook

This agreement marks a significant step for Zaggle in expanding its client base within the retail sector. By partnering with V-Mart Retail, a well-known name in the value retail space, Zaggle is positioning its Zoyer platform as a solution for large-scale retail operations.

The 36-month duration of the agreement suggests a long-term commitment from both parties, which could lead to a stable revenue stream for Zaggle over the next three years. However, the financial terms of the deal have not been disclosed, making it challenging to quantify the immediate impact on Zaggle's financials.

Corporate Governance

In line with regulatory requirements, Zaggle has confirmed that this agreement does not fall under related party transactions, ensuring transparency in its business dealings. This adherence to good corporate governance practices is likely to be viewed positively by investors and regulatory bodies alike.

As the fintech sector continues to evolve and integrate with various industries, partnerships like these between fintech providers and traditional retail could become more common. For Zaggle, this deal may serve as a template for future collaborations, potentially opening doors to similar agreements with other retail chains.

Investors and market analysts will be keen to observe how this partnership unfolds and its impact on Zaggle's market position in the competitive fintech landscape.

Zaggle Prepaid Ocean Services Limited , a prominent player in the prepaid services sector, recently held an Extraordinary General Meeting (EGM) that saw shareholders approving a significant corporate action. The meeting, conducted through video conferencing on October 31, 2025, focused on the issuance of convertible warrants on a preferential basis.

Key Highlights of the EGM

• Date and Time: The EGM took place on October 31, 2025, from 10:30 AM to 11:10 AM IST.
• Voting Process: Shareholders participated through remote e-voting (October 28-30, 2025) and e-voting during the meeting.
• Resolution Outcome: The special resolution for issuing convertible warrants was passed with an overwhelming majority.

Voting Results

The voting results, as reported by the scrutinizer S.S. Reddy Associates, revealed strong support for the resolution:

Shareholder Participation

• Total Shareholders: 117,505 (as of the record date)
• EGM Attendance: 48 shareholders attended via video conferencing
  • 4 from Promoter and Promoter Group
  • 44 from Public

Detailed Voting Breakdown

The strong approval for the issuance of convertible warrants indicates shareholder confidence in Zaggle Prepaid Ocean Services' strategic direction. This move could potentially provide the company with additional capital for future growth initiatives.

Investors and market watchers may keep a close eye on how the company utilizes this approval and the potential impact on its financial structure and growth strategy in the coming months.