Zaggle Prepaid Ocean Services Limited announced the execution of a definitive agreement with Superking Ventures Private Limited. This partnership involves Zaggle providing its specialized Zaggle Corporate Expense cards to the employees and associates of Superking Ventures. The agreement is categorized as a domestic client contract with a duration of One year. The nature of the deal confirms no related party interest, ensuring the terms are maintained at “arms length”.
Execution of New Client Agreement Confirmed
Zaggle Prepaid Ocean Services Limited (Zaggle) has formally entered into an agreement with Superking Ventures Private Limited. This execution was disclosed to the stock exchanges on February 26, 2026, following the terms laid out under the applicable disclosure regulations.
Key Terms of the Partnership
The core of the agreement centers on the provision of corporate expense solutions. Specifically, Zaggle shall offer its Zaggle Corporate Expense cards to all employees and associated personnel of Superking Ventures Private Limited. This arrangement is classified as a Client Contract for a Domestic Entity.
Contract Duration and Scope
- Duration: The agreement is set for a period of One year from the date of execution.
- Consideration/Size: The scope is defined by the provision of the Zaggle Corporate Expense cards to Superking Ventures personnel, as detailed in the annexure.
- Related Party Status: The company confirmed that the contract would not fall within related party transactions, and the promoter/promoter group holds No interest in Superking Ventures Private Limited.
The company confirmed that Avinash Ramesh Godkhindi, Managing Director and Chief Executive Officer, signed the official intimation.
Source: BSE
