This disclosure to BSE Limited concerns the execution of a non-binding Memorandum of Understanding (MoU) for technology and business collaboration. The MoU was executed as a follow-up to the Board Meeting outcome held on July 09, 2026.
Authorized officials of the company are currently in Germany conducting business meetings to finalize technologies for the company's operations. The specific purpose of the MoU is technology and business collaboration relating to manufacturing processes, product quality, and operational scalability. This collaboration is directly connected to the company's commencement of commercial operations.
All activities under this MoU will operate within the applicable regulatory framework, specifically complying with all applicable food safety and excise laws, regulations, and measures. The company has explicitly stated that the MoU is non-binding in nature.
Financial impact is not quantified in the disclosure. The company has committed to providing further updates as per applicable regulations.
The disclosure was signed by Sachin Rawat, CFO & Company Secretary, through digital signature on August 21, 2026, at 00:11:04 IST.