Zaggle Prepaid Ocean Services Limited Signs Supreme Industries Agreement; Shares Jump 6.13%

Mumbai, May 7: Zaggle Prepaid Ocean Services Limited said it has entered into a three-year agreement with The Supreme Industries Limited for deployment of its Zaggle Propel rewards and recognition platform, according to an exchange filing submitted to the Bombay Stock Exchange and the National Stock Exchange of India.

The announcement pushed Zaggle shares sharply higher during the May 6 trading session as investors reacted positively to the addition of another enterprise client to the company’s growing corporate solutions portfolio.

Zaggle To Deploy Propel Rewards Platform For Supreme Industries

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the filing, the agreement relates to deployment of Zaggle Propel, the company’s channel rewards and recognition platform solution.

Zaggle said the agreement has been signed with a domestic entity and will remain valid for a period of three years.

The company also clarified that the transaction does not involve related party arrangements and that neither promoters nor promoter group entities hold any interest in the awarding company.

As per the annexure attached to the filing, Zaggle will provide rewards and recognition platform services to The Supreme Industries Limited under the agreement.

While the financial value of the contract was not disclosed, the development adds to Zaggle’s enterprise engagement and SaaS-based corporate solutions business, which has been a key growth area for the company.

The agreement also comes amid increasing adoption of digital employee engagement, rewards and channel loyalty platforms by corporates looking to streamline workforce and partner incentive programs.

Stock Market Snapshot

Shares of Zaggle rose sharply following the business agreement announcement.

The stock closed at ₹255.80 on the NSE on May 6, up 6.13% from the previous close, according to exchange data.

During the session, the stock traded in a range between ₹243.00 and ₹256.00.

The rally reflected continued investor interest in enterprise fintech and SaaS-driven business models, particularly companies expanding their corporate client base and recurring platform revenues.

Market participants have also been tracking Zaggle’s recent business expansion momentum in spend management, employee engagement and corporate rewards solutions.

Zaggle Share Price as of 07 May 2026, Source: NSE

Zaggle Expands Enterprise Fintech And SaaS Business

Zaggle Prepaid Ocean Services Limited operates in the fintech and SaaS segments, offering solutions across spend management, employee benefits, rewards, incentives and corporate payments.

The company provides digital platforms catering to enterprise customers for expense management, prepaid cards and channel engagement programs.

Its Propel platform is designed to help businesses manage employee rewards, recognition and channel loyalty initiatives through digital workflows and engagement tools.

Conclusion

The agreement with The Supreme Industries Limited further strengthens Zaggle’s enterprise customer portfolio and supports its push toward expanding SaaS-led corporate solutions offerings.

Investors are expected to continue monitoring enterprise client additions, recurring revenue growth and expansion across the company’s fintech and engagement platform business in the coming quarters.

Source:

• https://www.nseindia.com/get-quote/equity/ZAGGLE/Zaggle-Prepaid-Ocean-Services-Limited
• https://nsearchives.nseindia.com/corporate/ZAGGLE_06052026153908_Supreme.pdf