Zaggle Prepaid Ocean Services Limited has entered into a strategic 5-year agreement with Saurashtra Cement Limited to provide employee expense management and benefits solutions. The company disclosed this development to stock exchanges, in compliance with regulatory requirements under SEBI listing obligations.

Agreement Details

The comprehensive agreement outlines Zaggle's commitment to deliver its Zaggle Save platform to Saurashtra Cement Limited, focusing on employee expense management and benefits administration. This domestic contract represents a significant business expansion opportunity for the fintech services provider.

Regulatory Compliance

The agreement has been structured to ensure full compliance with corporate governance standards. Key compliance aspects include:

• No related party transaction involvement
• Arms-length commercial terms
• No promoter or group company interest in the contracting entity
• Full regulatory disclosure under SEBI listing obligations

Strategic Significance

This partnership demonstrates Zaggle's continued expansion in the corporate expense management sector. The 5-year duration provides long-term revenue visibility and strengthens the company's position in serving large industrial clients. The agreement specifically focuses on delivering Zaggle Save solutions, which encompass comprehensive employee expense management and benefits administration services.

The disclosure was made by Managing Director and Chief Executive Officer Avinash Ramesh Godkhindi, ensuring transparency with stakeholders and regulatory compliance. This development reflects Zaggle's ongoing efforts to expand its client base in the corporate sector while maintaining strict adherence to governance standards.

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.