Zaggle Prepaid Ocean Services amends Siemens Limited agreement

Zaggle Prepaid Ocean Services (NSE: ZAGGLE) has amended its agreement with Siemens Limited, dated 23 Jan 2025, with the amendment executed on 05 Nov 2026, it said in a filing on 06 Nov 2026. The commercial terms of the agreement have been revised, and no value is given for the revision.

Key highlights

• Amendment executed: 05 Nov 2026
• Original agreement dated: 23 Jan 2025
• Commercial terms: revised, with no value stated
• Counterparty: Siemens Limited

The amendment in numbers

What the amendment changes

The amendment, executed on 05 Nov 2026, revises the commercial terms stipulated under the agreement signed on 23 Jan 2025. The company's disclosure describes the revision only in general terms.

The original agreement was first announced by Zaggle in a letter dated 23 Jan 2025, and the amendment is presented as a follow-up to that announcement.

Scale against the company's recent results

For scale, Zaggle's market value was ₹2,255 crore at the 05 Nov 2026 close of ₹167.70 a share. In Q1 FY27, consolidated total income was ₹429.86 crore, up 25.1% YoY, and net profit was ₹17.53 crore, down 32.9% YoY.

A separate filing on 28 Oct 2026 concerned orders or contracts received by the company, and it is not linked to this amendment in the filing.

What the Siemens amendment means for Zaggle's shareholders

The company has revised the commercial terms of an existing agreement with Siemens Limited, and the change is presented as a revision rather than a new contract. The next step is not dated in the filing.

Not stated: the revised terms, any change in contract value, the reason for the amendment, and its financial impact on the company.