ZAGGLE · price
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Awaiting price reaction for this filing.
Zaggle has filed a writ petition before the High Court of Telangana at Hyderabad on August 13, 2025, challenging the award of a government tender for implementing T-Wallet by the Telangana state. Zaggle, along with consortium partner NSDL Payments Bank, had participated in the tender but lost to Purview India Consulting and Services LLP. The company alleges the winning bidder is ineligible because the tender required only Private Ltd or Public Ltd companies, while Purview is an LLP. Additional allegations include arbitrary evaluation, non-disclosure of technical scores, and contract being given to a higher-priced bidder. The petition is filed under Article 226 of the Constitution, citing violations of mandatory eligibility criteria and breach of the level playing field doctrine.
Zaggle states there are no material financial implications and it is hopeful of a favourable judgement. Shareholders should note this is a legal challenge, not a settled loss; the outcome of the writ petition could affect future government business prospects but is not expected to impact current financials materially.