Zaggle Prepaid Ocean Services Ltd Secures 5-Year Agreement with Crompton Greaves Consumer Electricals Limited
Zaggle Prepaid Ocean Services Limited has entered into a significant agreement with Crompton Greaves Consumer Electricals Limited, solidifying a partnership focused on employee expense management and benefits. The contract was finalized between the two companies on June 10, 2026.The core of the agreement involves Zaggle providing "Zaggle Save," an employee expense management and benefits platform, to Crompton Greaves Consumer Electricals Limited. This domestic agreement spans a five-year period.
The transaction terms confirm that the service provided falls under an Agreement category. The arrangement ensures that the services are delivered by a Domestic Entity to a Domestic client.
While the nature of the business is defined, the broad consideration for the order remains variable at this stage. The cost structure is tied directly to the number of active users on the platform and the actual expenditure completed by employees over time, making it challenging to determine a fixed contract value currently.
Key details regarding the agreement are summarized below:
| Aspect | Detail |
|---|---|
| Counterparty Name | Crompton Greaves Consumer Electricals Limited |
| Nature of Transaction | Agreement for Zaggle Save (Employee Expense Management) |
| Term Duration | 5 Years |
| Order Origin | Domestic Entity |
| Consideration | Value is dependent on the number of active users and actual spends by users over time. |
The agreement has been structured to ensure there are no conflicts or relationships between the transaction and any interest held by promoters, the promoter group, or their affiliated companies in Crompton Greaves Consumer Electricals Limited. Furthermore, the contract does not fall under related party transactions.
ZAGGLE Stock Price Movement
As of 11:18 AM, shares of Zaggle Prepaid Ocean Services Limited are shedding value in live trading, dropping 1.51% as the stock trades at ₹194.00. The equity has seen heavy market activity during this session, with a total traded volume reaching 252,012 shares.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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