Friday, Jan 23: Zaggle Prepaid Ocean Services informed stock exchanges that it has entered into an agreement with Honda India Power Products under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
As per the company’s disclosure, Zaggle will provide “Zaggle Save”, which it described as an employee expense management and benefits solution, to Honda India Power Products. The agreement is classified as a domestic contract and has an execution period of two years.
Agreement details
| Particulars | Details |
|---|---|
| Entity awarding the contract | Honda India Power Products Limited |
| Nature of contract | Agreement |
| What Zaggle will provide | Zaggle Save (Employee expense management & benefits) |
| Type | Domestic |
| Execution timeline | 2 years |
Zaggle also stated that the promoter/promoter group has no interest in the entity awarding the agreement and that the agreement does not fall under related party transactions.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
