Zaggle Prepaid Ocean Services Gains After Securing Rs 9.84 Crore GIC Contract

Mumbai, October 31, 2025 – In a recent regulatory filing dated October 30, 2025, Zaggle Prepaid Ocean Services Ltd (BSE: 543985 | NSE: ZAGGLE) announced that it has won a Rs 9.84 crore contract from the General Insurance Corporation of India (GIC), under the Department of Financial Services, Ministry of Finance.

Contract Details

As per the company’s regulatory filing, Zaggle was awarded a domestic contract by General Insurance Corporation of India. The contract is for employee expense management & benefits through Zaggle Save for a duration of three years, spanning November 5, 2025, to November 5, 2028. The Rs 9.84 crore was awarded to the company as it was the lowest bidder (L1) in a tender (Bid No. GEM/2025/B/6626171). The project does not involve any related party or promoter/group interest.

Stock Snapshot

As of October 31, 2025, 12:41 pm, shares of Zaggle Prepaid Ocean Services Limited were trading at ₹371.25, an increase of 0.04% or ₹0.15. The shares opened in green at ₹371.80 and have been trading between the range of ₹370.10 to ₹380.00 so far. The company has had a muted trading session with total traded volume and traded value standing at 9.34 lakhs and ₹35.08 crore, respectively, while the total market capitalisation stood at ₹4,982.84 crore.

Zaggle Prepaid Ocean Services Ltd operates in the IT-enabled services sector, providing spend management, rewards, and employee benefits solutions. The company has a proprietary platforms that cater to both corporate and consumer segments through fintech innovations. It has been listed on the NSE and BSE under the tickers ZAGGLE and 543985, respectively, and forms a part of the BSE SmallCap index.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/2797fdf5-3613-4624-a4ae-769af0cf21be.pdf

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