Zaggle Prepaid Ocean Services Limited (Zaggle) has executed an agreement with Punjab National Bank on June 19, 2026. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and references SEBI Master Circular Ho/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Agreement Details
- Counterparty: Punjab National Bank (Domestic Entity)
- Nature of Agreement: Co-branding partnership
- Objective: To drive acquisition, marketing and promotion of the Co-branded Retail Credit Card Product
- Term: 5 years
- Execution Model: Zaggle will leverage its existing corporate base to sell the Co-brand Retail Credit Card
- Related Party Status: No promoter/promoter group/group companies have any interest in Punjab National Bank
- Transaction Type: Not a related party transaction
The agreement represents a domestic contract between Zaggle and Punjab National Bank with no disclosed financial consideration amount. The document was digitally signed by Avinash Ramesh Godkhindi, Managing Director and Chief Executive Officer (DIN: 05250751).