What was filed
Zaggle Prepaid Ocean Services told the exchanges it entered into an agreement with Hindustan Petroleum Corporation Limited (HPCL) on June 30, 2026. Under the arrangement, Zaggle's platform integrates with HPCL's flagship fleet programme, **Drive Track Plus**, to provide loyalty reward points — funded by HPCL — on purchases of petroleum products by Zaggle's corporate, fleet and retail customers and other designated fuel consumers.
The filing describes the counterparty as a domestic entity and confirms the arrangement is not a related-party transaction, with no promoter or group-company interest in HPCL.
Value left open by design
The company was explicit that it cannot put a number on the deal. Per the filing, the commercial consideration is proportional to the number of users Zaggle onboards and the fuel spends routed through HPCL Drive Track Plus by its corporate, fleet and retail customers over the life of the agreement. Because both variables accrue over the tenure, Zaggle said it "would be difficult to ascertain the value or amount of the contract at this stage."
Why it matters to a holder
For a spend-management and fintech platform, a multi-year integration with a large public-sector oil marketer widens the surface over which fuel-linked transactions and loyalty activity can flow through Zaggle's platform. The filing does not quantify that opportunity, and revenue is contingent on onboarding and usage — so the disclosure establishes the relationship and its duration, not a fixed order book.