ABATE AS Industries Enters ₹30 Lakh Franchise Agreement

Key Quantitative Figures

• Agreement size: ₹30,00,000 (Indian Rupees Thirty Lakhs Only)
• Agreement term: 24 months from effective date

Parties Involved

• ABATE AS Industries Limited (CIN: L65990TZ1991PLC029162)
• Franchise India Brands Limited

Purpose and Rationale

The Company has entered into a Franchise Development Program, Representation & Recruitment Services Agreement for expansion of the Company's eye hospital business under the brand name "ABATE EYE HOSPITAL" through the franchise model across India.

Significant Terms of Agreement

• Fixed consultancy fees and success-based fees linked to franchise acquisitions
• Services include franchise system development, franchise documentation, lead generation, representation, and recruitment of franchise partners
• No special rights like appointment of directors, first right to share subscription, or right to restrict capital structure changes

Relationship Disclosure

• No shareholding in Franchise India Brands Limited
• Parties are not related to promoter/promoter group/group companies
• Transaction confirmed as arm's length

Financial Impact

Financial impact limited to the disclosed agreement value of ₹30,00,000. No additional financial implications quantified in the disclosure.

Governance Context

Disclosure made in the interest of good corporate governance and investor awareness.

#Tags: #ABATEASIndustries #FranchiseIndiaBrands #SEBIRegulation30 #CorporateGovernance #BusinessExpansion