Zaggle Prepaid Ocean Services Limited has announced the execution of a 10-year agreement with Forever New Apparels Private Limited to provide mobile phone procurement and leasing services under its Employee Purchase Programme. The agreement was disclosed to stock exchanges on January 20, 2026, in compliance with SEBI regulations.

Agreement Details

The partnership establishes Zaggle as the service provider for Forever New Apparels' employee mobile phone requirements. Under this arrangement, Zaggle will facilitate the procurement and leasing of mobile phones to Forever New Apparels' employees through its established Employee Purchase Programme platform.

Service Framework

The agreement enables Forever New Apparels to offer enhanced employee benefits through Zaggle's technology-driven platform. The Employee Purchase Programme allows employees to access mobile phones through a structured leasing arrangement, providing flexibility and convenience in device acquisition.

Key aspects of the service include:

• Procurement of mobile phones for employees
• Leasing facility management
• Technology platform integration
• Long-term service commitment

Regulatory Compliance

Zaggle has confirmed that the agreement does not constitute a related party transaction, ensuring arms-length dealing between the companies. The company has also disclosed that no promoter, promoter group, or group companies have any interest in Forever New Apparels Private Limited.

Strategic Significance

This agreement represents Zaggle's continued expansion in the employee benefits and financial services sector. The 10-year duration provides long-term revenue visibility and strengthens Zaggle's position in the corporate employee programme market. The partnership with Forever New Apparels, a prominent retail company, demonstrates the growing adoption of technology-enabled employee benefit solutions across various industries.

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

Zaggle Prepaid Ocean Services Limited has announced the execution of a referral agreement with Jio Credit Limited on January 14, 2026, aimed at enhancing device leasing services for corporate customers. The partnership enables Zaggle to refer its corporate clients to Jio Credit for specialized leasing solutions under its Device Leasing Program.

Agreement Details

The key terms and structure of the partnership are outlined in the following table:

Partnership Structure

Under this arrangement, Zaggle Prepaid Ocean Services will serve as a referral partner, connecting its existing corporate customer base with Jio Credit Limited's leasing solutions. The agreement specifically focuses on device leasing services, allowing corporate clients to access financing options for technology and equipment needs through Jio Credit's platform.

Regulatory Compliance

The company has confirmed that this partnership does not constitute a related party transaction and has been structured at arm's length. Additionally, the promoter group and group companies have no interest in Jio Credit Limited, ensuring complete independence in the business relationship.

Strategic Implications

This collaboration represents Zaggle's continued expansion of its service ecosystem for corporate clients. By partnering with Jio Credit Limited, the company can offer comprehensive financial solutions beyond its core prepaid and expense management services. The one-year agreement provides a structured framework for both companies to evaluate the partnership's effectiveness and potential for future expansion.

The announcement was made in compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements, demonstrating the company's commitment to transparent corporate governance and timely disclosure of material developments.