Nihar Info Global Limited has formally executed a logistics service agreement with Sequel Logistics Private Limited to serve as the official logistics partner for its e-commerce portal, Goldnsilver.shop. This disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123.
The key details of the agreement are as follows:
- Portal/Business Unit: Goldnsilver.shop (owned and operated by Nihar Info Global Limited)
- Service Provider/Partner: Sequel Logistics Private Limited
- Nature of Services: Provision of specialized secure transit, warehousing, vaulting, and last-mile logistics services for precious metals, gold/silver coins, and jewelry products
- Rationale & Strategic Impact: The agreement leverages Sequel Logistics' high-security transit infrastructure to enable safe, insured, and seamless nationwide deliveries, enhancing customer confidence and operational capabilities
- Related Party Transaction Status: Sequel Logistics Private Limited is not a related party to the Company or its Promoters/Promoter Group, and the agreement is executed on an arm's length basis
The company has requested the Exchange to take this information on record.