Zaggle Prepaid Ocean Services Executes Agreement with Bikaji Foods International Limited
Zaggle Prepaid Ocean Services Limited confirmed the execution of a commercial agreement with Bikaji Foods International Limited on May 15, 2026. The arrangement involves Zaggle providing specialized employee expense management and benefits services to the confectionery company.The agreement establishes the provision of Zaggle Save, an employee expense management and benefits solution, to Bikaji Foods International Limited. This domestic contract is set for a period of one year.
Zaggle Prepaid Ocean Services Limited provided details regarding the contract terms, confirming that the agreement falls within the category of related party transactions, which is explicitly stated as no. The transaction was marked as domestic and involved a domestic entity.
The core financial details of the order are presented below:
| Parameter | Detail |
|---|---|
| Awarding Entity | Bikaji Foods International Limited |
| Nature of Contract | Agreement |
| Time Period | 1 Year |
| Order Awarded By | Domestic Entity |
| Consideration / Value | The quantum of SaaS/Software fee depends on the number of active users for the respective months on the platform and the corresponding program fee depends upon the actual spends done by the users over a period of time. In such a case it would be difficult to ascertain the value/amount of the contract at this stage. |
ZAGGLE Stock Price Movement
Zaggle Prepaid Ocean Services Limited shares shed 6.68% today, settling at ₹212.56 in post-market trading. The stock saw robust interest, with 8.18 million shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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