Key Details of Agreement
- Execution Date: 17 July 2026
- Parties Involved: MRC Agrotech Limited and Banaras Hindu University (BHU), Varanasi
- BHU Status: Institution of National Importance established by an Act of Parliament
- Agreement Type: Collaboration and License Agreement
License Terms
- License Type: Non-exclusive and non-transferable
- Purpose: Commercial production, processing, packaging, marketing and sale of seeds
- Seed Types: Foundation Seed, Certified Seed, and Truthfully Labelled Seed
- Variety: Wheat variety 'HUW 838'
- Developer: Agricultural scientists of the Institute of Agricultural Sciences, Banaras Hindu University
- Duration: Initial period of five (5) years
- Renewal: Provision for renewal by mutual consent
- IP Rights: Intellectual property and breeder's rights continue to vest with Banaras Hindu University
Strategic Rationale
- Marks an important milestone in the company's long-term strategy of partnering with premier academic and research institutions
- Supports development and commercialization of improved agricultural technologies and high-quality seed varieties
- Expected to strengthen the company's seed portfolio
- Aims to enhance technology-driven agricultural solutions
- Intended to contribute towards sustainable agricultural growth for the benefit of the farming community
Collaborative Framework
The agreement provides a collaborative framework for commercialization of the wheat variety in accordance with applicable laws and mutually agreed terms.
Shared Commitment
The collaboration reflects the shared commitment of both institutions towards promoting scientific innovation, technology transfer, and wider dissemination of improved crop varieties for enhancing agricultural productivity in the country.
Financial Impact
Financial impact not quantified in the disclosure.