Zaggle Prepaid Ocean Services Limited has announced the execution of a significant agreement with IRM Energy Limited for the provision of Fleet Program services. The domestic agreement was formalized on January 23, 2026, and disclosed to stock exchanges under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Agreement Overview

The partnership establishes a comprehensive service arrangement where Zaggle will provide its Fleet Program solutions to IRM Energy Limited. This agreement represents a strategic expansion of Zaggle's fleet management services in the domestic market.

Key Terms and Structure

The agreement outlines Zaggle's commitment to deliver comprehensive Fleet Program services to IRM Energy Limited over the specified timeframe. The domestic nature of this contract aligns with Zaggle's strategy to strengthen its presence in the Indian fleet management market.

Regulatory Compliance

The company has confirmed full compliance with regulatory requirements through proper disclosure mechanisms:

• Related Party Status: The agreement does not constitute a related party transaction
• Promoter Interest: No promoter or promoter group entities have any interest in IRM Energy Limited
• Arms Length Transaction: The agreement is conducted on standard commercial terms

Strategic Significance

This 5-year agreement demonstrates Zaggle's ability to secure long-term partnerships in the fleet management sector. The Fleet Program service offering represents a key component of the company's comprehensive prepaid solutions portfolio, designed to address the operational needs of corporate clients across various industries.

The partnership with IRM Energy Limited, operating in the energy sector, showcases Zaggle's capability to serve diverse industry verticals through its specialized fleet management solutions. The extended duration of the agreement provides revenue visibility and strengthens the company's recurring business model in the fleet services segment.

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.