Zaggle Prepaid Ocean Services Limited has entered into a strategic agreement with Aye Finance Limited to expand its Employee Purchase Programme services. The company disclosed this development to stock exchanges on January 30, 2026, in compliance with regulatory requirements under SEBI listing obligations.

Agreement Details

The partnership establishes a comprehensive framework for mobile device procurement and leasing services. Under this arrangement, Zaggle will provide facility to procure and lease mobile phones to employees of Aye Finance Limited through its established Employee Purchase Programme platform.

Regulatory Compliance and Structure

The agreement has been structured to ensure full compliance with regulatory frameworks. Zaggle has confirmed that the transaction does not fall within related party parameters, with no promoter or group company interests in Aye Finance Limited.

Key Compliance Aspects:

• Related Party Status: No related party transaction involvement
• Promoter Interest: No promoter or group company connections
• Transaction Nature: Arms length commercial agreement
• Regulatory Framework: Domestic entity partnership

Business Impact

This partnership represents Zaggle's continued expansion of its Employee Purchase Programme services to corporate clients. The agreement provides a flexible framework for service delivery while allowing Aye Finance Limited employees to access mobile device procurement and leasing facilities through Zaggle's established platform.

The agreement was signed by Avinash Ramesh Godkhindi, Managing Director and Chief Executive Officer of Zaggle Prepaid Ocean Services Limited, demonstrating the strategic importance of this partnership for the company's business development initiatives.

Zaggle Prepaid Ocean Services Limited has informed stakeholders about a structural change in its statutory auditor's business format, which became effective from January 12, 2026. The company issued the notification on January 23, 2026, through reference number ZAGGLE/25-26/141.

Auditor Firm Conversion Details

The company's statutory auditor, M S K A & Associates, Chartered Accountants, has converted its partnership firm structure into a Limited Liability Partnership (LLP) under the provisions of the Limited Liability Partnership Act, 2008. The key details of this conversion are presented below:

Continuity of Audit Services

Zaggle Prepaid Ocean Services has emphasized that this structural conversion does not impact the auditor's responsibilities or tenure. The company has clarified that the conversion does not constitute a resignation of the existing auditor or the appointment of a new auditor. M S K A & Associates LLP will continue to function as the statutory auditor and discharge all obligations for the remaining period of their approved tenure.

Regulatory Compliance

The notification was signed by Hari Priya, Company Secretary and Compliance Officer of Zaggle Prepaid Ocean Services Limited, and digitally authenticated on January 23, 2026. The company has requested stakeholders to take this information on record as part of its regulatory compliance obligations.

This conversion represents a common business restructuring practice where professional service firms transition to LLP structures while maintaining operational continuity and client relationships.