Zaggle Prepaid Ocean Services Limited announced the execution of a new business agreement with Saurashtra Cement Limited. The contract is exclusively domestic and centers on Zaggle providing its Zaggle Save (Employee Expense Management & Benefits) services. This agreement is established for a term of 5 years, beginning immediately, and does not involve any related party transactions, confirming an ‘arms-length’ commercial understanding between the two entities.
Intimation of New Agreement Execution
Zaggle Prepaid Ocean Services Limited formally informed the stock exchanges on February 26, 2026, regarding the execution of a material agreement with Saurashtra Cement Limited. This disclosure follows the mandate of the Listing Obligations and Disclosure Requirements Regulations, 2015.
Key Details of the Contract
The agreement is fundamentally classified as a domestic Agreement. The core service to be provided by Zaggle is the deployment of its proprietary solution, Zaggle Save (Employee Expense Management & Benefits), to Saurashtra Cement Limited.
Contract Specifics (Annexure A Summary)
- Awarding Entity: Saurashtra Cement Limited.
- Nature of Service: Provision of Zaggle Save (Employee Expense Management & Benefits).
- Duration: The contract is set to be executed over a period of 5 years.
- Transaction Status: The transaction is strictly Domestic.
- Related Party Check: The order does not fall within related party transactions, ensuring it was conducted at “arms length.” Furthermore, the promoter/promoter group holds No interest in the awarding entity.
Leadership Confirmation
The intimation was duly authorized and signed by Avinash Ramesh Godkhindi, Managing Director and Chief Executive Officer of Zaggle, whose DIN is 05250791.
Source: BSE
