Zaggle Signs 3-Year Service Agreement with Hitachi Cash Management
Filing Summary
Zaggle Prepaid Ocean Services Ltd. has entered into a services agreement with Hitachi Cash Management Services Private Limited. The agreement, which is for a period of three years, involves Zaggle providing its Zaggle Propel platform to Hitachi. The contract is with a domestic entity. The filing did not disclose the broad consideration or size of the agreement. The company confirmed that this is not a related party transaction and that the promoter group does not have any interest in Hitachi Cash Management Services Private Limited.
Zaggle Prepaid Ocean Services Ltd. announced the execution of a new agreement in a regulatory filing on November 1, 2025. The company has entered into a contract with Hitachi Cash Management Services Private Limited.
The nature of the contract is a services agreement. Under its terms, Zaggle will provide its Zaggle Propel platform to Hitachi Cash Management Services, which is classified as a domestic entity. The agreement specifies a fixed duration for the engagement.
The time period for the execution of the contract is three years. The filing did not provide further details on the commencement date or other specific timelines related to the service delivery.
The company’s disclosure did not quantify the financial value of the agreement. The section in the filing for broad consideration or size of the order did not state a monetary amount.
Zaggle also provided disclosures regarding potential conflicts of interest. The company confirmed that its promoter, promoter group, or group companies have no interest in Hitachi Cash Management Services Private Limited. It was also stated that the agreement does not classify as a related party transaction.
