Zaggle Prepaid Ocean Services Ltd Signs Agreement with APAC Financial Services for Software Provisioning
Zaggle Prepaid Ocean Services Limited has signed an agreement with APAC Financial Services Private Limited, securing a multi-year contract involving the provision of its enterprise software platforms. The deal was finalized on June 29, 2026.The agreement stipulates that Zaggle will provide the Zoyer Platform along with the Zaggle Save system to APAC Financial Services Private Limited. These tools pertain to employee expense management and benefits administration.
This contract represents a domestic transaction, and it is set for execution over a five-year period.
Key details regarding the order or contract have been recorded, outlining the nature of the business arrangement and its operational scope.
| Particulars | Details |
|---|---|
| Name of awarding entity | APAC Financial Services Private Limited |
| Nature of order/contract | Agreement |
| Service provided | Zoyer Platform along with Zaggle Save (Expense management & benefits) |
| Contract Term | 5 Years |
In terms of the contract's consideration, the value is dependent on the SaaS/Software fee structure. The quantum of this fee relies on the number of active users utilized on the platform and is also subject to the actual spends conducted by the users over time. Consequently, the total monetary value of the agreement could not be ascertained at the current stage.
Furthermore, the transaction has been identified as non-related party business. Neither Zaggle’s promoter nor the promoter group holds any interest in APAC Financial Services Private Limited, and the contract is not classified as a related party transaction.
ZAGGLE Stock Price Movement
Shares of Zaggle Prepaid Ocean Services Limited are edging higher to ₹205.7 as of 12:40 PM today, gaining 3.58% in live trading. The stock has seen brisk activity, with over 520,980 shares traded during the ongoing market 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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