Zaggle Prepaid Ocean Services Limited has announced a new strategic partnership with HT Media Limited, as confirmed by a recent filing with both the National Stock Exchange of India (NSE) and BSE on January 16, 2025. As per the agreement, Zaggle will provide HT Media with its Zaggle Save solution, which focuses on employee expense management and benefits. The customer service agreement spans a period of 2 years, under which Zaggle will deliver its services to HT Media in a domestic arrangement.

Key Details of the Agreement

1. Parties Involved:

• Zaggle Prepaid Ocean Services Limited
• HT Media Limited

2. Contract Details:

• Zaggle will deliver Zaggle Save, a service designed to streamline and manage employee expenses and benefits for HT Media.
• The contract is a domestic agreement and does not involve any international parties.

3. Duration and Value:

• The agreement has a 2-year time frame for execution.
• The value of the contract has not been disclosed, but it involves providing significant employee services to HT Media.

4. Regulatory Filing:
This partnership was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Zaggle has also shared this information in line with the SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, for transparency.

5. Related Party and Promoter Interests:
There are no related party transactions or conflicts of interest within the agreement, as confirmed by Zaggle. The promoters or their groups do not have any financial interest in HT Media Limited.

Business Implications

This partnership allows Zaggle to significantly expand its offerings, especially in the employee expense management sector. Through Zaggle Save, HT Media will benefit from a streamlined process for managing employee expenses, improving operational efficiency. The 2-year duration suggests that both companies have long-term expectations from this agreement, which could lead to further collaborations in the future.

Conclusion:
Zaggle’s partnership with HT Media marks an important step in the company’s growth within the employee benefits and expense management industry. It underscores Zaggle’s commitment to providing innovative solutions to organizations, helping streamline their financial processes. For investors and stakeholders in the stock market, this development reflects Zaggle’s expanding portfolio and the potential for increased market presence.

Stay updated on Zaggle’s future announcements and learn more about their strategic partnerships as the company continues to build its market position.

For more Real-time Updates, visit .https://financesaathi.com

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

The Upcoming IPOs in this week and coming weeks are  EMA Partners, and Capital Numbers.