Zaggle board authorizes KMPs to determine materiality of events

Zaggle Prepaid Ocean Services Limited has authorized its Key Managerial Personnel (KMP) to determine the materiality of events or information and make necessary disclosures to stock exchanges. The Board of Directors approved this authorization at its meeting held on July 21, 2026, pursuant to Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The authorization allows designated officers to assess the significance of corporate developments independently. This move ensures timely compliance with disclosure requirements, maintaining transparency for shareholders and regulatory bodies.

Authorized Personnel

The following four executives have been empowered to determine materiality and effect disclosures:

Sl No.	Authorised Person	Designation	Phone No.
1	Raj P Narayanam	Executive Chairman	+91 40 6519 5784
2	Avinash Ramesh Godkhindi	Managing Director and Chief Executive Officer	+91-22 4879 4879
3	Venkatesh Ramachandran	Group Chief Financial officer	+91 40 6519 5784
4	Hari Priya	Company Secretary and Compliance Officer	+91 40 6519 5784

The Board meeting commenced at 11:00 AM (IST) and concluded at 12:45 PM (IST). The intimation was submitted to the National Stock Exchange of India Limited and BSE Limited on July 21, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.11%	+0.95%	+4.77%	-28.78%	-43.63%	+31.41%

Zaggle Prepaid Ocean Services has entered into a five-year agreement with Hindustan Petroleum Corporation Limited (HPCL) to provide loyalty reward points for fuel purchases. This partnership integrates Zaggle's platform with HPCL's 'Drive Track Plus' fleet card program, offering rewards funded by HPCL to Zaggle's corporate, fleet, and retail customers. The commercial consideration under the agreement will be proportional to the number of users onboarded by Zaggle and the fuel spends on the HPCL Drive Track Plus program during the tenure.

Partnership Details

The agreement, executed on June 30, 2026, designates HPCL as a domestic entity. Zaggle will facilitate the loyalty rewards for the purchase of petroleum products through the integration of its platform with HPCL's flagship fleet program. The specific value of the contract is variable and depends on the usage by Zaggle's customer base.

Parameter	Details
Partner	Hindustan Petroleum Corporation Limited
Program	Drive Track Plus Fleet Card Program
Duration	5 Years
Nature	Agreement for Loyalty Rewards
Consideration	Proportional to user onboarding and fuel spends

Strategic Context

This collaboration leverages HPCL's extensive fuel retail network and Zaggle's expertise in prepaid and rewards solutions. By embedding loyalty benefits into fuel transactions, the program aims to enhance value for fleet operators and corporate clients. The agreement is not a related party transaction, and no promoter or group company holds an interest in HPCL.