Zaggle Prepaid Ocean Services Limited has announced the execution of a new business agreement with CNH Industrial (India) Private Limited, marking a strategic expansion in its corporate client portfolio. The company disclosed this development through a regulatory filing in compliance with SEBI listing regulations.

Agreement Details and Scope

The partnership centers around Zaggle's provision of its Zaggle Propel reward platform to CNH Industrial India. This domestic agreement establishes a comprehensive service framework designed to enhance CNH Industrial's employee and partner engagement initiatives through Zaggle's specialized reward and recognition solutions.

Commercial Structure and Compliance

The agreement operates under standard commercial terms with no related party transaction implications. Zaggle confirmed that neither its promoter group nor group companies hold any interest in CNH Industrial India, ensuring the deal maintains arms-length commercial principles.

Key compliance aspects include:

• Regulatory Framework: Agreement executed under SEBI Listing Regulations
• Transaction Nature: Independent commercial arrangement
• Promoter Interest: No promoter or group company involvement
• Related Party Status: Does not qualify as related party transaction

Strategic Significance

This partnership represents Zaggle's continued expansion in the corporate rewards and employee engagement sector. The 3-year contract duration provides revenue visibility and strengthens the company's position in serving large industrial clients through its technology platform.

The agreement demonstrates Zaggle's ability to secure long-term partnerships with established industrial entities, potentially opening avenues for similar collaborations within the industrial and manufacturing sectors. CNH Industrial India's selection of Zaggle's platform validates the company's technological capabilities and market positioning in the corporate rewards space.

Zaggle PrePaid Ocean Services Limited has entered into a strategic 3-year agreement with Blue Star Limited to provide employee expense management and benefits services. The company disclosed this development to stock exchanges, in compliance with SEBI listing regulations.

Agreement Details

The partnership involves Zaggle PrePaid Ocean Services providing its Zaggle Save platform to Blue Star Limited, focusing on employee expense management and benefits administration. This domestic agreement strengthens Zaggle's position in the corporate services sector by adding Blue Star Limited to its client portfolio.

Regulatory Compliance

The agreement has been structured to ensure full regulatory compliance, with no related party transaction implications. Key compliance aspects include:

• No promoter or promoter group interest in the contracting entity
• No related party transaction considerations
• Arms-length commercial terms maintained
• Full disclosure under SEBI listing regulations

Business Impact

This agreement represents a significant business development for Zaggle PrePaid Ocean Services Limited, expanding its corporate client base with an established company like Blue Star Limited. The 3-year duration provides revenue visibility and demonstrates client confidence in Zaggle's employee expense management solutions.

The partnership aligns with Zaggle's strategy to strengthen its presence in the corporate services market through its comprehensive expense management and benefits platform. The domestic nature of the agreement reflects the company's focus on serving Indian corporate clients with tailored solutions.