Date: October 24, 2026

Business Update - Memorandum of Understanding

Equippp Social Impact Technologies Limited has executed a Memorandum of Understanding (MoU) with Instillmotion Labs Private Limited on October 24, 2026.

Purpose of MoU

  • To establish a framework for collaboration in innovation-led solutions for constituency-level development under the Constituency Development Exchange (CDX) framework
  • To facilitate business enablement and market access for Instillmotion's existing products and services
  • To explore joint ventures, intellectual property commercialization, and patent-driven business opportunities with industry organizations, public sector undertakings (PSUs), and government schemes and programs

Significant Terms of Agreement

  • Instillmotion may act as an innovation partner under CDX and propose, develop, and deploy solutions addressing constituency-level challenges and opportunities through pilots and scaled deployments
  • EQUIPPP may facilitate stakeholder engagement, market access, business development, and coordination with elected representatives, government bodies, CSR organizations, investors, and other relevant stakeholders
  • EQUIPPP may assist in identifying, structuring, and facilitating joint ventures with industry organizations, PSUs, and government schemes and programs
  • EQUIPPP may participate as an equity partner, implementation partner, or both, on mutually agreed written terms
  • The parties may explore intellectual property commercialization, licensing, and monetization, with ownership and usage rights determined on a case-by-case basis under definitive agreements
  • Specific projects, responsibilities, commercial terms, and implementation arrangements shall be mutually agreed upon separately

Relationship Details

  • Shareholding in the entity: Nil
  • The parties are not related to promoter/promoter group/group companies in any manner
  • The transaction does not fall under related party transaction

Additional Information

  • Size of agreement: Not Applicable
  • No issuance of shares involved
  • No loan agreements involved
  • No other disclosures related to nominee directors or potential conflict of interest