The disclosure was made to the National Stock Exchange of India Limited and BSE Limited through a letter dated July 01, 2026, signed by Avinash Ramesh Godkhindi, Managing Director and Chief Executive Officer (DIN: 05250791).
Significant Terms and Conditions
- Nature of Agreement: Fleet programme - Driver Track Plus to provide loyalty reward points funded by HPCL for the purchase of Petroleum Products to Zaggle's Corporate/Fleet and Retail Customers and fuel consumers
- Program Integration: Through integration of Zaggle's Platform with "Drive Track Plus", the Fleet Card Program of HPCL
- Awarding Entity: Domestic Entity (HPCL)
- Agreement Type: Agreement
- Geographic Scope: Domestic
- Contract Duration: 5 Years
- Commercial Consideration: The value of the contract is proportional to the number of users onboarded by Zaggle and the fuel spends on HPCL Drive Track Plus by Zaggle's corporate, fleet, and retail customers during the tenure of the agreement. Accordingly, it would be difficult to ascertain the value or amount of the contract at this stage.
- Promoter/Group Interest: No interest by promoter/promoter group/group companies in the entity that awarded the contract
- Related Party Transaction: Does not fall within related party transactions
The disclosure references SEBI Master Circular Ho/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.