Zaggle Prepaid Ocean Services Limited has informed the Exchange about Bagging/Receiving of orders/contracts
ZAGGLE · price
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Awaiting price reaction for this filing.
Zaggle Prepaid Ocean Services has signed a 5-year agreement with DTDC Express Limited. Under the deal, Zaggle will provide its Zoyer and Save platforms to DTDC, which cover employee expense management and benefits. The order is domestic in nature, and there are no related-party concerns. The financial size of the contract has not been disclosed in this filing.
Adding DTDC as a long-term client (5-year tenure) is a positive business development for Zaggle, reinforcing its position in the employee expense management space. However, without the contract value, it is unclear how material this win is to overall revenue, so the stock impact may be limited until further details emerge.