Zaggle Prepaid Ocean Services Share Price in Focus; Signs Agreement with Cubastion Consulting

Zaggle Prepaid Ocean Services Limited has signed an agreement with Cubastion Consulting Private Limited, the company said in a regulatory filing dated January 7, 2026.  

Nature of the Agreement 

Under the agreement, Zaggle will provide a facility that allows Cubastion Consulting’s employees to procure and lease mobile phones. The service will be offered through Zaggle’s Employee Purchase Programme. 

The filing does not disclose the number of employees covered or the financial value of the arrangement. The contract has been described as an agreement rather than a one-time order. 

Duration and Structure 

The agreement will remain in effect until it is terminated as per the terms agreed between the 2 companies. No specific execution timeline has been provided. 

Both Zaggle Prepaid Ocean Services and Cubastion Consulting are domestic entities. The nature of the contract indicates an ongoing service arrangement rather than a fixed-period engagement. 

Regulatory Disclosures 

Zaggle stated that its promoters, promoter group members, and group companies do not have any interest in Cubastion Consulting. The company also clarified that the agreement does not fall under related-party transactions as defined under applicable regulations. 

The disclosure has been made in line with SEBI’s circular issued in November 2024 on reporting material contracts. 

Zaggle Overview 

Zaggle operates in the business-to-business-to-customer segment and provides spend-related services to corporate clients. Its operations include issuing prepaid cards in partnership with banks. 

The company also offers software products linked to payroll, tax, and expense management. These services are primarily used by corporate clients for employee-related spending and benefits. 

Zaggle Prepaid Ocean Services Share Price Performance  

As of January 8, 2026, 11:58 am, Zaggle Prepaid Ocean Services share price was trading at ₹326.05, a 3.26% down from the previous closing price. 

Read More: Zaggle Prepaid Ocean Services Enters Growth Agreement With Visa Worldwide! 

Conclusion 

The agreement with Cubastion Consulting reflects an extension of Zaggle’s existing employee-focused service offerings, disclosed in line with regulatory requirements. 

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