Zaggle Prepaid Ocean Services Signs Agreement with Cubastion Consulting
Filing Summary
Zaggle Prepaid Ocean Services Limited has entered into an agreement with Cubastion Consulting Private Limited. Under this agreement, Zaggle will provide a facility to procure and lease mobile phones to Cubastion’s employees through its Employee Purchase Programme. The agreement is domestic and remains effective until terminated as specified within the agreement. There is no interest from the promoter group in Cubastion, and the contract does not constitute a related party transaction. This update was disclosed in compliance with SEBI regulations.
Zaggle Prepaid Ocean Services Limited has entered into an agreement with Cubastion Consulting Private Limited as per the filing dated January 7, 2026. This agreement is in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Under the terms of the agreement, Zaggle will provide a facility to procure and lease mobile phones to the employees of Cubastion Consulting through Zaggle’s Employee Purchase Programme. The agreement is classified as domestic and will remain in effect until it is terminated as specified within the agreement. The filing does not disclose any specific financial consideration or size of the contract.
The agreement does not involve any interest from the promoter or promoter group of Zaggle in Cubastion Consulting. Additionally, the contract does not fall under related party transactions, ensuring that it is conducted at arm’s length.
Cubastion Consulting Private Limited is a domestic entity engaged in consulting services. The partnership with Zaggle allows Cubastion to offer its employees access to mobile phones through a structured leasing program, enhancing employee benefits.
Zaggle Prepaid Ocean Services Limited focuses on providing innovative financial technology solutions, including prepaid cards and employee benefit programs. The company aims to enhance its service offerings through strategic agreements and partnerships, aligning with its business priorities in the financial technology sector.