Ameenji Rubber Limited Enters Exclusive Technology License Agreement with Macroad Co., Ltd.
Ameenji Rubber Limited has entered into a technology license agreement with Macroad Co., Ltd., based in the Republic of Korea, for the manufacturing, marketing, and sale of specified licensed products. The agreement was executed on July 16, 2026, and grants the company an exclusive license to utilize the licensed technology within India.The agreement establishes a framework for the commercialization of specific products through a five-year term, which is extendable based on the terms defined in the contract. This collaboration is intended to enhance the technology base of Ameenji Rubber Limited and enable the production of licensed products.
The financial and structural details of the agreement are outlined below:
| Particulars | Details |
|---|---|
| Initial Technology License Fee | USD 300,000 (payable in phases) |
| Running Royalty | 2.5% of Net Sales Amount |
| Agreement Duration | Five years from the Effective Date |
| Transaction Status | Non-related party transaction |
| Promoter Interest | No interest held by the promoter group or group companies |
Ameenji Rubber Limited will utilize this exclusive technology to facilitate its manufacturing and marketing operations for the licensed products. The company has confirmed that the transaction does not involve any related parties, and there is no interest held by the promoter group in the entity awarding the agreement.
Stock Price Movement
As of 15:04, Ameenji Rubber Ltd shares are sliding to ₹139.05, down 3.87%. The stock is currently testing its intraday low of ₹139.05 after finding resistance at a high of ₹140.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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