Zaggle Prepaid Ocean Services Signs 10-Year Deal with Forever New
Filing Summary
Zaggle Prepaid Ocean Services Limited has entered into a 10-year agreement with Forever New Apparels Private Limited. Under this agreement, Zaggle will provide facilities to procure and lease mobile phones to Forever New’s employees through its Employee Purchase Programme. The contract is domestic, and there is no interest from the promoter group in Forever New. This agreement does not constitute a related party transaction. The details were disclosed in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, and the SEBI circular dated November 11, 2024.
Zaggle Prepaid Ocean Services Limited has announced the execution of an agreement with Forever New Apparels Private Limited. This agreement, effective from January 20, 2026, is in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The agreement outlines that Zaggle will provide facilities to procure and lease mobile phones to the employees of Forever New Apparels under Zaggle’s Employee Purchase Programme. The contract is set for a duration of 10 years. The nature of the agreement is domestic, and it does not involve any international entities.
There is no interest from the promoter or promoter group of Zaggle in Forever New Apparels Private Limited. Additionally, the agreement does not fall under related party transactions, ensuring that it is conducted at arm’s length.
The filing includes necessary details as required by the SEBI circular dated November 11, 2024. These details are enclosed in Annexure-A of the filing document.
Forever New Apparels Private Limited is a company engaged in the apparel sector, focusing on providing contemporary fashion. The company collaborates with various partners to enhance its product offerings and employee benefits.
Zaggle Prepaid Ocean Services Limited specializes in providing digital payment solutions and employee benefit programs. The company is focused on expanding its service offerings through strategic agreements and partnerships, enhancing its position in the digital payment and employee services market.