Zaggle Prepaid Ocean Services Signs Agreement with Thomas Cook India

Zaggle Prepaid Ocean Services Ltd has entered into an agreement with Thomas Cook (India) Ltd, as disclosed to the National Stock Exchange (NSE) and BSE on April 3, 2025. The partnership falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As of 9:43 AM on April 4, 2025, Zaggle Prepaid Ocean Services share price was trading at ₹349.95, a 2.21 % down for the day, but down 22.15% over the past 6 months and up 20.83% over the past year.

Agreement Details

The agreement involves the integration of Thomas Cook’s corporate travel services with Zaggle’s expense management platform. The collaboration will focus on offering a single platform for travel bookings, real-time expense tracking, and compliance features for businesses.

The nature of the contract is domestic, but its services will extend to both domestic and international travel requirements. The time period for the execution of this agreement is two years.

Points from the Disclosure

• Name of the awarding entity: Thomas Cook (India) Ltd
• Type of contract: Agreement
• Contract awarded by: Domestic entity
• Nature of services: Domestic and international corporate travel management, integrated with expense tracking
• Execution timeline: 2 years
• Promoter involvement: No promoter, promoter group, or related party interest involved
• Related party transaction: Not applicable

Purpose of the Agreement

According to the official disclosure, the agreement is intended to provide a tech-enabled platform for business travel and expense management. It combines Thomas Cook’s travel management services with Zaggle’s software infrastructure to deliver a unified offering to enterprises.

Regulatory Compliance

The information was disclosed in line with SEBI’s circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which outlines the format and process for disclosing material events to stock exchanges.

Conclusion

This is a formal collaboration between a travel service provider and a fintech firm aimed at boosting enterprise travel and expense management solutions. There is no commentary on the development at this time.

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