Zaggle Prepaid Ocean Services Limited has announced the execution of an agreement with Crompton Greaves Consumer Electricals Limited, as per the exchange filings.
This partnership, effective from June 10, 2026, focuses on providing employee expense management and benefits services.
The agreement between Zaggle and Crompton Greaves Consumer Electricals Limited is set to last for 5 years.
Under this contract, Zaggle will provide its service known as Zaggle Save, which focuses on employee expense management and benefits.
This collaboration is with a domestic entity, Crompton Greaves Consumer Electricals Limited.
The financial aspect of the contract is structured around the number of active users on the platform each month.
The software fee will vary based on user activity, and the program fee will depend on the actual spending by users over time.
Due to this variable structure, the exact value of the contract cannot be determined at this stage.
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There is no interest from the promoter, promoter group, or group companies in Crompton Greaves Consumer Electricals Limited.
Additionally, this agreement does not fall under related party transactions.
The agreement was executed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The necessary details were enclosed in Annexure-A, as required by the SEBI Master Circular dated January 30, 2026.
As of June 11, 2026, at 11:20 AM, Zaggle Prepaid Ocean Services share price on NSE was trading at ₹196.45 down by 0.27% from the previous closing price.
Zaggle Prepaid Ocean Services Limited has entered into a 5-year agreement with Crompton Greaves Consumer Electricals Limited to provide employee expense management services. The financial terms are based on user activity, and the contract is compliant with SEBI regulations.
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Published on: Jun 11, 2026, 1:24 PM IST
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