Zaggle partners with Bennett Coleman for ad deal and warrant subscription

Zaggle Prepaid Ocean Services Limited has formally entered into an advertisement agreement with Bennett Coleman and Company Limited (BCCL) for advertising Zaggle and its subsidiaries' products, services, and brands across media channels. This agreement, effective December 15, 2025, aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In addition to the advertisement agreement, BCCL has also entered into a warrant subscription agreement with Zaggle. Under this agreement, BCCL will subscribe to 705,467 warrants at a price of INR 567 per warrant, totaling INR 39,99,99,789. Each warrant carries the right to subscribe to one equity share of face value INR 1. This transaction involves no direct shareholding of BCCL in Zaggle, nor does it create any promoter, promoter group, or related party relationship between the entities.