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Zaggle Prepaid Ocean Services has entered a five‑year referral agreement with Standard Chartered Bank to provide prepaid payment instruments to referred corporates. Zaggle reported net profit of ₹26.11 cr in Q1 FY26. | Source: Zaggle Prepaid Press Release (NSE Fillings) | Published on Aug 28, 2025
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As quoted on press release of Zaggle Prepaid (NSE Fillings), the company has formalised a five‑year referral agreement with Standard Chartered Bank. As a result, you can expect Zaggle to serve corporate customers referred by the bank, offering its prepaid payment instruments platform. The agreement was disclosed via an exchange filing on 27 August 2025.
Zaggle Prepaid share price stands at ₹396.75 per share on the BSE as of 26 August 2025 at 15:30 PM IST. You may find that the stock fell by around 3.7% that day, following the announcement.
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Zaggle will supply prepaid payment platforms to corporate clients referred by Standard Chartered Bank over a period of five years.
The agreement does not disclose any financial terms and is structured at arm’s length with no promoter involvement.
Zaggle Prepaid share price was ₹396.75 at BSE close on 26 August 2025 at 15:30 PM IST.
The Q1 FY26 net profit stands at ₹26.11 crore, supported by revenue near ₹331.49 crore.
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You can see the market's response to the agreement. The share price fell approximately 3.7% and closed at ₹396.75. The share is still close to 27% lower year‑to‑date, even after rising nearly 8% in the last month.
From a financial perspective, Zaggle had a standalone net profit of ₹26.11 crore in Q1 FY26, and revenue from operations of ₹331.49 crore, an increase of 31.4% year‑on‑year.
Metric | Value |
Agreement Duration | 5 years |
Role of Zaggle | Solution provider via referral from SCB |
Financial Terms | Not disclosed |
Q1 FY26 Net Profit | ₹26.11 crore |
Q1 FY26 Revenue from Operations | ₹331.49 crore |
Zaggle Prepaid Share Price (BSE) | ₹396.75 (as of 26 Aug 2025, 4:01 pm IST) |
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