Zaggle Prepaid Ocean Services Limited has announced a new business partnership with Chennai Super Kings Cricket Limited, entering into an agreement to provide corporate expense card services to the popular cricket franchise.

Agreement Details

The company disclosed the partnership through a regulatory filing dated February 26, 2026, submitted to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

Service Scope

Under the terms of this agreement, Zaggle will offer its Corporate Expense cards specifically to employees and associates of Chennai Super Kings Cricket Limited. The partnership represents an expansion of Zaggle's corporate client base into the sports and entertainment sector.

The agreement is structured as a domestic client contract, with Chennai Super Kings Cricket Limited being the entity awarding the contract. The service provision will span a period of one year from the execution date.

Regulatory Compliance

Zaggle has confirmed that this partnership maintains full regulatory compliance standards:

• No promoter or promoter group companies have any interest in Chennai Super Kings Cricket Limited
• The contract does not fall within related party transaction categories
• The agreement has been executed at arm's length terms

The company filed the necessary disclosure documentation in accordance with SEBI Master Circular requirements, ensuring transparency in its business operations and partnerships.

Strategic Significance

This partnership with Chennai Super Kings Cricket Limited demonstrates Zaggle's continued efforts to expand its corporate expense management solutions across diverse industry verticals. The collaboration with one of the Indian Premier League's most prominent franchises could potentially enhance Zaggle's brand visibility in the sports sector while providing practical expense management solutions to the cricket team's operational workforce.

Zaggle Prepaid Ocean Services Limited has announced the incorporation of a wholly owned subsidiary, marking a significant step in its corporate expansion strategy. The fintech company has successfully established Zaggle Payments IFSC Limited in GIFT City, Gujarat, as part of its strategic growth initiative.

Regulatory Compliance and Official Communication

The company has formally notified the stock exchanges about this development through official communication dated February 26, 2026, bearing reference number ZAGGLE/25-26/162. This notification was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Development Timeline

The incorporation process represents the continuation of earlier intimation provided to the exchanges through letter number ZAGGLE/25-26/127 dated December 16, 2025. The Certificate of Incorporation was officially received from the Ministry of Corporate Affairs on February 25, 2026, completing the formal establishment process.

Strategic Positioning in GIFT City

The establishment of this IFSC-focused subsidiary in GIFT City positions Zaggle to leverage the special regulatory framework designed for international financial services. GIFT City serves as India's premier International Financial Services Centre, offering unique opportunities for cross-border financial operations and services.

Corporate Structure Enhancement

This subsidiary formation represents a strategic expansion of Zaggle's corporate structure, enabling the company to diversify its service offerings within the financial services sector. The wholly owned subsidiary structure provides complete operational control while allowing the company to explore new market opportunities in the international financial services domain.