Grauer & Weil (India) Limited has disclosed entering into a Memorandum of Understanding (MOU) with RENA Technologies GmbH on October 20, 2026. The disclosure is made pursuant to Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2023.
Key Terms and Conditions
- The MOU records the terms of agreement and inter-se rights and obligations between the parties
- The parties will form a Joint Venture Company
- Both parties shall have equal rights in relation to the management and governance of the JV Company
- RENA Technologies GmbH will license intellectual property to the JV Company for a mutually agreed license fee/royalty
- Detailed terms and conditions will be set out in definitive agreements to be executed later
Transaction Details
- The transaction does not involve any shareholding between the parties currently (NIL)
- The parties are not related to promoter/promoter group/group companies
- The transaction does not qualify as a related party transaction
- The transaction is not applicable for size of agreement, share issuance, or loan agreement disclosures
Next Steps
The definitive agreements containing specific terms and conditions will be mutually agreed between the parties and disclosed upon execution as per applicable laws.