Zaggle Prepaid Ocean Services Signs Agreement with Blue Star
Filing Summary
Zaggle Prepaid Ocean Services Limited has entered into an agreement with Blue Star Limited as per Regulation 30 of the SEBI (LODR) Regulations, 2015. The agreement involves Zaggle providing its Zaggle Save (Employee Expense Management & Benefits) services to Blue Star for a period of three years. This domestic agreement does not involve any related party transactions, and there is no interest from the promoter group in Blue Star. The agreement details are outlined in Annexure-A of the filing.
Zaggle Prepaid Ocean Services Limited has announced the execution of an agreement with Blue Star Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement was formalized on March 5, 2026, as communicated to the National Stock Exchange of India Limited and BSE Limited.
Under the terms of the agreement, Zaggle will provide its Zaggle Save services, which focus on employee expense management and benefits, to Blue Star Limited. The agreement is set for a duration of three years. The filing specifies that this is a domestic agreement, and there are no related party transactions involved. Additionally, the promoter or promoter group of Zaggle does not have any interest in Blue Star.
The agreement with Blue Star is categorized as a domestic contract, and the specifics of the agreement are detailed in Annexure-A of the filing. The document confirms that the agreement does not fall under related party transactions, and it is executed at arm’s length.
Blue Star Limited is a company known for its air conditioning and commercial refrigeration products. It engages in various business activities, including the manufacturing and distribution of air conditioning systems and commercial refrigeration products. The company focuses on expanding its product offerings and enhancing its market presence.
Zaggle Prepaid Ocean Services Limited specializes in providing digital payment solutions and employee benefits management. The company focuses on leveraging technology to offer innovative financial solutions to its clients. Zaggle aims to enhance its service offerings in the digital payments and employee benefits sectors.