Zaggle Signs 5-Year Agreement with Crompton Greaves

Core Announcement – Order Details

Awarding Entity: Crompton Greaves Consumer Electricals Limited

Domestic/International Order: Domestic Entity

Nature of Order/Contract:

Agreement for Zaggle to provide Zaggle Save (Employee expense management & benefits) to Crompton Greaves Consumer Electricals Limited.

Order Value:

Not Specified. The quantum of SaaS/Software fee depends on the number of active users for the respective months on the platform and the corresponding program fee from this would depend upon the actual spends done by the users over a period of time. In such a case it would be difficult to ascertain the value/amount of the contract at this stage.

Materiality Context:

Not Specified.

Execution Timeline:

5 Years.

Revenue Recognition / Billing Structure:

Not Specified.

Key Terms & Payment Milestones:

Not Specified.

Whether Related Party Transaction:

No.

Promoter Group Involvement:

No. The promoter/promoter group/group companies have no interest in the entity that awarded the order/contract.

Financial Implication:

Not Specified.