Zaggle Prepaid Ocean Services Limited has successfully incorporated a new wholly owned subsidiary, Zaggle Payments IFSC Limited. The new entity has been registered in GIFT City, Gujarat, marking a strategic move into the international financial services hub. The formal Certificate of Incorporation was officially received from the Ministry of Corporate Affairs on February 25, 2026, following an initial update provided in December 2025.
Strategic Subsidiary Formation
Zaggle Prepaid Ocean Services Limited confirms the successful incorporation of Zaggle Payments IFSC Limited. This newly established entity will operate as a wholly owned subsidiary of the Company.
Location and Official Approval
The subsidiary is strategically located in GIFT City, Gujarat. The official Certificate of Incorporation for Zaggle Payments IFSC Limited was received from the Ministry of Corporate Affairs on February 25, 2026. This action follows up on an earlier communication issued by the company on December 16, 2025.
Compliance and Disclosure
This information is being formally disclosed to the stock exchanges to ensure compliance. Hari Priya, Company Secretary and Compliance Officer, executed this disclosure on February 26, 2026, confirming the completion of this significant corporate structuring step.
Source: BSE
