Zaggle Inks 5-Year Deal with Megha City Gas to Deploy Fleet Program

Ranga Reddy, October 23, 2025: Zaggle Prepaid Ocean Services Limited (NSE: ZAGGLE, BSE: 543985) has entered into a five-year agreement with Megha City Gas Distribution Pvt Ltd to implement its flagship Zaggle Fleet Program across Megha City Gas’s operations, aiming to enhance fleet management and streamline payment processes throughout the company’s transportation network.

Zaggle Prepaid Ocean Services Limited, headquartered in Ranga Reddy, Telangana, is a fintech company offering spend management, rewards, and corporate payment solutions to enterprises across sectors. The company’s shares are listed on both NSE and BSE under the symbol ZAGGLE.

Key Agreement Details

Megha City Gas Distribution Pvt Ltd has signed a five-year domestic agreement with Zaggle for its Fleet Program, structured as a standalone transaction with no promoter involvement, and not classified as a related-party deal. Under this partnership, Megha City Gas will leverage Zaggle’s digital fleet management and payment solutions to enhance operational efficiency and optimise fuel expense management across its extensive vehicle fleet.

Corporate Context

The deal marks another milestone for Zaggle in expanding its enterprise solutions footprint within India’s energy and infrastructure segment. The company has been steadily growing its client base through multi-year technology-driven partnerships focused on prepaid, expense management, and corporate reward solutions.

Share Price Update

Zaggle Prepaid Ocean Services Limited’s share price was trading at ₹353.60, down 0.92% as of 11:19 PM on October 23, 2025. Zaggle Prepaid Ocean Services Limited shares have dipped 35% in the year-to-date and 2% in the last month.

REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/76a153ce-9738-4c7a-b821-7fe75a65d013.pdf

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