Zaggle Prepaid Ocean Services Limited (Zaggle) entered into an agreement with Axis Bank Limited. In this regard, hereby enclosing the necessary details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

significant terms and conditions of order(s)/contract(s) awarded in brief: Zaggle is contracted to be a referral partner of Axis Bank Ltd. to carry out activities such as Sales and Distribution, Marketing and Campaigning bundled with Zaggle expense management to drive forex card spends & greater usage of the software. Contract awarded by Domestic entity. Nature of order: Referral Agreement (MoU) cum Indemnity for providing Foreign Exchange Services.

Time period. 5 Years. broad consideration or size of the order(s)/contract(s); Zaggle can leverage existing Corporate base to sell forex cards to employees of the Corporate client, and it can be tightly coupled .