Zaggle Prepaid Ocean Services Limited has announced the execution of a strategic agreement with Bandhan AMC Limited on September 18, 2026. This collaboration is expected to create new business opportunities and leverage Zaggle’s platform capabilities. Further details regarding the terms and potential impact are outlined in the annexed documentation.
New Strategic Agreement Announced
Zaggle Prepaid Ocean Services Limited (Zaggle) has officially entered into an agreement with Bandhan AMC Limited, effective from September 18, 2026. This development marks a significant step for Zaggle in expanding its market reach and service offerings.
Agreement Details and Implications
As per the requirements of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the necessary details pertaining to this agreement are provided in Annexure-A. The agreement specifies that Zaggle will provide its Zaggle Zoyer platform to Bandhan AMC Limited. This is classified as a domestic entity agreement.
The terms of the order involve a SaaS/Software fee structure, the quantum of which will depend on the number of active users on the platform each month and the corresponding program fee derived from actual user spends over time. Consequently, the precise value or amount of the contract at this initial stage is difficult to ascertain. The agreement’s duration is contingent upon its provisions for termination.
Zaggle Prepaid Ocean Services Limited confirms that neither the promoter, promoter group, nor any group companies have any interest in the entity that awarded the contract. Furthermore, the agreement is not considered a related party transaction and is conducted on an ‘arms length’ basis.
Source: BSE
