Zaggle Prepaid Ocean Services Limited — Others, 12-02-2025: Monitoring Agency Report

Zaggle Prepaid Ocean Services Limited has shared the Monitoring Agency Report for the quarter ended December 31, 2024, associated with its ₹392 crore IPO and ₹594.84 crore QIP. The reports confirm no deviations in the utilization of proceeds, which are in line with the stated objectives. Notably, the company confirmed full compliance with its funding strategies, with significant allocations directed toward customer acquisition, technology development, and repayment of borrowings. From an investor perspective, this transparency reinforces a positive outlook regarding the company's financial management and strategic growth initiatives.