Zaggle prepaid ocean services Limited has achieved dual recognition at the prestigious Bharat Fintech Summit 2026, securing runner-up positions in two key categories. The company announced this achievement through a regulatory filing dated February 12, 2026, demonstrating its growing prominence in India's fintech landscape.

Award Categories and Recognition

The fintech company received recognition in two distinct categories at the Fintech & Digital Excellence Awards 2026:

These awards highlight Zaggle's dual expertise in comprehensive fintech solutions and specialized payment services, positioning the company among India's leading fintech organizations.

Event Details and Partners

The Bharat Fintech Summit 2026 brought together industry leaders and innovators in the financial technology sector. The event structure included:

• Organizing Body: The Digital Fifth
• Awards Partner: 86400 (Powering Possibilities)
• Event Focus: Fintech & Digital Excellence Awards 2026
• Recognition Date: February 12, 2026

The summit serves as a platform for recognizing outstanding contributions to India's fintech ecosystem, with awards spanning various categories of financial technology innovation.

Regulatory Compliance

Zaggle fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 by informing both major stock exchanges. The communication was addressed to:

• National Stock Exchange of India Limited (NSE)
• BSE Limited

Company Secretary and Compliance Officer Hari Priya signed the regulatory communication, ensuring proper documentation and transparency for stakeholders.

Industry Recognition Significance

The dual awards reflect Zaggle's comprehensive approach to fintech services, spanning both broad fintech solutions and specialized payment technologies. This recognition comes at a time when India's fintech sector continues to experience rapid growth and innovation, with companies competing across multiple service verticals including payments, lending, and digital financial services.

Zaggle Prepaid Ocean Services Limited has granted 1,27,623 stock options to eligible employees under its Employee Stock Option Scheme 2022, following approval from the Nomination and Remuneration Committee on February 12, 2026. The committee meeting was held from 12:45 PM to 01:07 PM IST, where the grant was formally approved in compliance with SEBI regulations.

ESOP Grant Details

The stock options granted under Zaggle ESOP 2022 carry specific terms and pricing structure designed to benefit eligible employees:

Each stock option is convertible into one fully paid-up equity share, meaning the grant covers 1,27,623 equity shares with a face value of ₹1 each. The exercise price of ₹223 per option was determined at a 25% discount to the closing market price of the company's shares on February 11, 2026.

Exercise and Vesting Framework

The ESOP scheme provides flexibility in terms of exercise periods and conditions. Option grantees are entitled to exercise their options from the first date of vesting until ten years from the vesting of the final tranche. However, specific cases such as resignation, death, and other circumstances outlined in Clause 17(d) of the Zaggle ESOP 2022 may have different exercise periods as specified in the scheme.

The options will be exercisable according to terms and conditions determined by the Nomination and Remuneration Committee and detailed in individual grant letters issued to employees.

Regulatory Compliance and Administration

The Zaggle ESOP 2022 scheme operates in full accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme is administered by the Nomination and Remuneration Committee, which oversees all aspects of option grants and exercises.

Key Scheme Features:

• Provisions for handling options in cases of death, permanent incapacity, resignation, termination, and retirement
• Adjustment mechanisms for corporate actions including rights issues, bonus issues, stock splits, mergers, and reorganizations
• No lock-in period for equity shares allotted upon exercise of stock options
• Fair and reasonable adjustment procedures for various corporate scenarios

Corporate Governance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was formally communicated to both the National Stock Exchange of India Limited and BSE Limited, ensuring transparency in corporate actions.

The grant represents part of Zaggle's employee retention and motivation strategy, providing eligible employees with an opportunity to participate in the company's growth through equity ownership. The scheme's structure allows for long-term employee engagement while maintaining compliance with regulatory requirements and best practices in corporate governance.