Zaggle Prepaid Ocean Services Limited — Updates, 13-05-2026: General Updates

Zaggle reported an unapproved excess utilization of ₹2.037 Cr from IPO funds for General Corporate Purposes. QIP proceeds funded a 100% stake acquisition in Rivpe Tech. However, ₹382.81 Cr of QIP funds remain unutilized, with deployment for strategic investments and GCP facing delays.