Zaggle Prepaid Ocean Services has secured a strategic partnership with HDFC Ergo General Insurance through a 3-year agreement for its Propul reward platform. This collaboration marks a significant business development for the fintech company as it expands its corporate partnerships in the insurance sector.

Partnership Details

The partnership agreement establishes a formal business relationship between Zaggle and HDFC Ergo General Insurance, focusing on the implementation and utilization of Zaggle's Propul reward platform. The 3-year duration of the agreement provides both companies with a stable foundation for long-term collaboration.

Propul Platform Integration

The deal involves HDFC Ergo General Insurance utilizing Zaggle's Propul reward platform, which represents the company's technology solution for corporate rewards and benefits management. This partnership allows HDFC Ergo to leverage Zaggle's specialized fintech infrastructure for reward program implementation.

Transparency and Compliance

Zaggle has specifically highlighted that this partnership involves no related party transactions, demonstrating the company's commitment to transparent business practices. This clarification ensures that the agreement represents an arm's length transaction between independent business entities.

Strategic Implications

The partnership with HDFC Ergo General Insurance strengthens Zaggle's position in the corporate rewards segment while expanding its client base in the insurance industry. This collaboration showcases the versatility and applicability of the Propul platform across different sectors of the financial services industry.

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.