Zaggle Prepaid Ocean Services Limited has informed stakeholders about a structural change in its statutory auditor's business format, which became effective from January 12, 2026. The company issued the notification on January 23, 2026, through reference number ZAGGLE/25-26/141.

Auditor Firm Conversion Details

The company's statutory auditor, M S K A & Associates, Chartered Accountants, has converted its partnership firm structure into a Limited Liability Partnership (LLP) under the provisions of the Limited Liability Partnership Act, 2008. The key details of this conversion are presented below:

Continuity of Audit Services

Zaggle Prepaid Ocean Services has emphasized that this structural conversion does not impact the auditor's responsibilities or tenure. The company has clarified that the conversion does not constitute a resignation of the existing auditor or the appointment of a new auditor. M S K A & Associates LLP will continue to function as the statutory auditor and discharge all obligations for the remaining period of their approved tenure.

Regulatory Compliance

The notification was signed by Hari Priya, Company Secretary and Compliance Officer of Zaggle Prepaid Ocean Services Limited, and digitally authenticated on January 23, 2026. The company has requested stakeholders to take this information on record as part of its regulatory compliance obligations.

This conversion represents a common business restructuring practice where professional service firms transition to LLP structures while maintaining operational continuity and client relationships.

Zaggle Prepaid Ocean Services Limited has entered into a strategic business agreement with Honda India Power Products Limited, as announced on January 23, 2026. The partnership marks a significant expansion of Zaggle's corporate client base in the employee benefits and expense management sector.

Agreement Details

The comprehensive agreement outlines Zaggle's role in providing Honda India Power Products Limited with its flagship Zaggle Save platform, which specializes in employee expense management and benefits solutions. This domestic partnership demonstrates Zaggle's continued growth in serving major corporate clients across various industries.

Service Scope and Implementation

Under the terms of this agreement, Zaggle will deploy its Zaggle Save platform to streamline Honda India Power Products Limited's employee expense management processes. The platform is designed to enhance operational efficiency and provide comprehensive benefits management solutions for corporate employees.

The 2-year contract duration provides both companies with a stable partnership framework, allowing for effective implementation and optimization of the expense management system across Honda India Power Products Limited's operations.

Regulatory Compliance and Corporate Governance

Zaggle has confirmed that this agreement maintains full compliance with corporate governance standards. The partnership involves no related party transactions and operates at arm's length principles. Additionally, the company's promoter group has no interest in Honda India Power Products Limited, ensuring complete independence in the business relationship.

Strategic Significance

This agreement represents Zaggle's continued expansion in the corporate expense management sector, partnering with established companies like Honda India Power Products Limited. The 2-year commitment provides revenue visibility and demonstrates client confidence in Zaggle's technology platform and service delivery capabilities.

The partnership aligns with Zaggle's strategy of serving diverse corporate clients across multiple industries, leveraging its expertise in digital payment solutions and employee benefits management to create value for enterprise customers.