Zaggle Prepaid Ocean Services Limited has announced dual agreements with Bennett Coleman and Company Limited (BCCL). The agreements were executed on December 15, 2025, and disclosed to the stock exchanges under regulatory compliance requirements.

Warrant Subscription Agreement

The warrant subscription agreement encompasses the following details:

Each warrant under the agreement carries the right exercisable by the warrant holder to subscribe to one equity share of face value ₹1 per warrant for cash. The pricing structure includes a premium component of ₹566 over the face value of ₹1.

Advertisement Agreement

Alongside the warrant subscription, BCCL has entered into an Advertisement Agreement with the company for advertising of Zaggle and its subsidiaries' products, services and brands in media. This strategic partnership expands the relationship beyond financial investment to include marketing collaboration.

Agreement Structure and Terms

The warrants provide BCCL with the option to convert their investment into equity shares, subject to the terms and conditions outlined in the subscription agreement. The dual agreement structure creates both financial and operational synergies between the fintech company and the media conglomerate.

Regulatory Compliance and Disclosure

Zaggle Prepaid Ocean Services has informed both the National Stock Exchange of India Limited and BSE Limited about these agreements. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's compliance officer, Hari Priya, who serves as Company Secretary and Compliance Officer, signed the disclosure documents.

Strategic Implications

These dual agreements represent a comprehensive partnership that could strengthen Zaggle's capital position and market presence. The involvement of Bennett Coleman and Company Limited suggests potential synergies between the fintech and media sectors, combining financial investment with marketing capabilities.

The investment amount of ₹39.99 crores indicates BCCL's commitment to the partnership, while the advertisement agreement provides Zaggle with enhanced marketing reach through BCCL's media platforms.

Zaggle Prepaid Ocean Services has announced a strategic five-year partnership with Mastercard Asia/Pacific to provide Mastercard credit cards and related financial services to its customers. This collaboration marks a significant expansion in the company's service portfolio within the digital payments ecosystem.

Partnership Overview

The partnership agreement establishes a comprehensive framework for delivering credit card solutions through Zaggle's platform. The collaboration will enable the company to offer Mastercard-branded credit cards along with associated financial services to its customer base across the Asia/Pacific region.

Strategic Implications

This partnership positions Zaggle to leverage Mastercard's extensive payment network infrastructure and global recognition in the credit card industry. The collaboration allows the company to expand its financial services offerings beyond its current prepaid solutions, potentially attracting a broader customer segment seeking comprehensive payment solutions.

The five-year term of the agreement provides a stable foundation for long-term business development and customer acquisition strategies. Through this partnership, Zaggle can offer its customers access to Mastercard's worldwide acceptance network and security features.

Service Expansion

The agreement encompasses not only credit card issuance but also related financial services, suggesting a comprehensive approach to customer financial needs. This expansion aligns with the growing demand for integrated digital payment solutions in the Asia/Pacific market.

The partnership represents Zaggle's continued evolution in the financial technology sector, building upon its existing expertise in prepaid payment solutions to offer a more complete range of financial services to its customer base.