Zaggle Prepaid Ocean Services signs AGP City Gas platform agreement

The agreement in numbers

Scope and fee structure

Under the agreement, Zaggle Prepaid Ocean Services will provide the Zaggle Propel platform to AGP City Gas Private Limited. The company says the quantum of fee depends on the number of active users and the number of vouchers redeemed for the respective months on the platform.

Because the fee moves with platform activity, the company says it would be difficult to ascertain the value or amount of the contract at this stage. No fee figure is given in the filing.

Term and related-party status

The agreement is valid for a period of 1 year and remains in force unless terminated earlier in accordance with its provisions. The filing names no start date other than the signing date of 27 Oct 2026.

The company states that AGP City Gas Private Limited is not a related party, and that no promoter, promoter group or group company has an interest in it.

What the agreement means for Zaggle's shareholders

The agreement adds a one-year platform contract with a domestic counterparty, with fees that vary with user activity and voucher redemptions. The contract value is not quantified, so its size against Zaggle's business is not known.

Not stated: the value of the contract in rupees, the expected fee or revenue, the duration of the fee arrangement beyond the one-year validity, and whether the agreement is exclusive. The next dated step in the filing is the one-year validity period.

Reference: Original filing (PDF)