Zaggle Prepaid Ocean Services Limited has entered into two separate agreements with Bennett Coleman and Company Limited (BCCL), combining a financial investment arrangement with a marketing collaboration. The agreements were executed on December 15, 2025, and subsequently disclosed to the stock exchanges in accordance with regulatory requirements.
Warrant Subscription Agreement
Under the warrant subscription agreement, BCCL has agreed to subscribe to 7,05,467 warrants issued by Zaggle. Each warrant has been priced at ₹567, comprising a face value of ₹1 per equity share and a premium of ₹566. The total consideration for the warrants amounts to ₹39,99,99,789.
Each warrant carries the right to subscribe to one equity share of Zaggle, exercisable in cash in line with the terms and conditions specified in the agreement.
| Parameter | Details |
| Number of warrants | 7,05,467 |
| Issue price per warrant | ₹567 |
| Face value | ₹1 per equity share |
| Premium | ₹566 per warrant |
| Total consideration | ₹39.99 crore |
| Agreement date | December 15, 2025 |
Advertisement Agreement
In addition to the warrant subscription, Zaggle and BCCL have entered into an advertisement agreement. Under this arrangement, BCCL will provide advertising and promotional services for Zaggle and its subsidiaries across its media platforms. The agreement covers the marketing of the company’s products, services, and brands.
Disclosure and Regulatory Filing
The company has informed both the National Stock Exchange of India Limited and BSE Limited about the execution of these agreements. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by the company’s Compliance Officer and Company Secretary, Hari Priya.
Summary
Zaggle Prepaid Ocean Services has executed dual agreements with Bennett Coleman, comprising a ₹39.99 crore warrant subscription for over 7 lakh warrants and a separate advertising arrangement for brand promotion across BCCL’s media platforms. The agreements were completed on December 15, 2025, and disclosed to stock exchanges as per SEBI regulations.
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