Key Transaction Details
Harshdeep Hortico Limited has entered into a Letter of Intent with Ugaoo Agritech Private Limited, described as a leading player in the gardening and horticulture sector.
Key Terms of the LOI:
- Counterparty: Ugaoo Agritech Private Limited
- Nature of Arrangement: Ugaoo proposes to place orders on Harshdeep Hortico for supply of flowers and pots/planters
- Tenure: Financial Year 2026-27
- Indicative Aggregate Value: Approximately ₹12 Crore
- Status: The LOI is primarily non-binding and serves as an expression of mutual intent
- Binding Provisions: Only customary provisions relating to confidentiality, governing law and dispute resolution are binding
Next Steps and Conditions
The parties intend to execute definitive documentation including:
- Detailed supply agreement
- Individual purchase orders
These documents will set out specific commercial terms including pricing, delivery schedules, payment terms, quality specifications and logistics arrangements.
Management Commentary and Outlook
The Company believes the proposed arrangement reflects continued confidence in its product offerings and is expected to strengthen its position in the horticulture and garden products segment.
Financial Impact Considerations
Actual revenues from this arrangement will depend upon:
- Purchase orders issued by Ugaoo from time to time
- Market demand conditions
- Fulfillment of agreed commercial terms
The disclosure does not quantify specific financial impact beyond the indicative value of ₹12 crore.