Zaggle Prepaid Ocean Services has announced a significant partnership with The Supreme Industries Limited, marking a notable development in the rewards and recognition sector. The agreement, which is set to last for three years, involves Zaggle providing its Zaggle Propel reward platform to The Supreme Industries.
The partnership aims to enhance channel rewards and recognition for The Supreme Industries, a domestic entity, through the innovative Zaggle Propel platform. This collaboration underscores Zaggle’s commitment to delivering cutting-edge solutions in the domestic market.
The agreement is purely domestic, with no international entities involved. It is structured as a straightforward agreement, with Zaggle set to execute the contract over a period of three years. This long-term engagement reflects the trust and mutual benefits anticipated by both parties.
Importantly, the agreement does not involve any related party transactions, and there is no interest from the promoter or promoter group in The Supreme Industries. This ensures that the partnership is conducted at arm’s length, maintaining transparency and compliance with regulatory standards.
The collaboration between Zaggle and The Supreme Industries is expected to leverage Zaggle’s expertise in reward platforms, providing substantial value to The Supreme Industries’ operations and employee engagement strategies.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).