Zaggle Prepaid Ocean Services Signs Agreement with Jio Credit

Zaggle Prepaid Ocean Services Limited has announced the execution of an agreement with Jio Credit Limited as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement was formalized on January 14, 2026, and involves Zaggle referring its corporate customers to Jio Credit for leasing solutions under Zaggle’s Device Leasing Program.

The agreement is categorized as a domestic referral agreement and is scheduled to be executed over a period of one year. The terms of the agreement specify that Zaggle will direct its corporate clientele to Jio Credit for the purpose of availing leasing solutions. This collaboration is purely domestic, with no international entities involved.

According to the filing, there is no involvement or interest from Zaggle’s promoter, promoter group, or group companies in Jio Credit Limited. Additionally, the transaction does not fall under related party transactions, ensuring that it is conducted at arm’s length.

The filing includes Annexure-A, which provides further details as required under the SEBI regulations and the SEBI circular dated November 11, 2024. The document was signed by Avinash Ramesh Godkhindi, Managing Director and Chief Executive Officer of Zaggle.

Jio Credit Limited is involved in providing financial solutions, including leasing services. The company focuses on expanding its reach within the domestic market by forming strategic partnerships with entities like Zaggle to enhance its service offerings.

Zaggle Prepaid Ocean Services Limited specializes in providing financial technology solutions, including prepaid cards and expense management systems. The company focuses on leveraging partnerships to expand its service portfolio and enhance its market presence in the financial technology sector.