Zaggle Prepaid Ocean Services Limited has executed a key agreement with Chennai Super Kings Cricket Limited, effective February 26, 2026. This one-year client contract is domestic in nature. Under the terms, Zaggle will provide its Zaggle Corporate Expense cards to the employees and associates of the cricket franchise. The transaction is confirmed as an arm’s length deal with no promoter interest involved.
Zaggle Secures Strategic Partnership with Chennai Super Kings
Zaggle Prepaid Ocean Services Limited (Zaggle) announced on February 26, 2026, the execution of a significant agreement with Chennai Super Kings Cricket Limited. This formal notice outlines the details of the newly formed business relationship, which is classified as a Client Contract.
Key Terms of the Agreement
The agreement, which is entirely Domestic, has a defined execution period of One year. The core commercial activity involves Zaggle providing its specialized Zaggle Corporate Expense cards. These cards will be utilized by the employees and associates of the Chennai Super Kings Cricket Limited for their corporate expenditure needs.
Transaction Compliance Details
In compliance with regulatory requirements, Zaggle has confirmed that the entity awarding the contract is the Chennai Super Kings Cricket Limited, a Domestic Entity. Furthermore, the company verified two crucial compliance points:
- There is No interest held by the promoter or promoter group companies in the entity awarding the order.
- The order will not fall within the definition of related party transactions, confirming that the agreement is executed at “arms length”.
The announcement was authorized and signed by Avinash Ramesh Godkhindi, Managing Director and Chief Executive Officer of Zaggle.
Source: BSE
