Arunaya Organics Partners with IIT Gandhinagar on Sustainable Textile Colorants Research
Arunaya Organics Limited has entered into a research collaboration and executed a Memorandum of Understanding (MOU) with the Indian Institute of Technology Gandhinagar (IITGN). This partnership is established under the TEX-RAMPS Scheme of the Ministry of Textiles, Government of India.The collaboration focuses on the project titled 'Protein-based textile colorants: A Sustainable Alternative to Chemical Textile Dyes'. Details of the agreement were discussed and concluded during the Company's Board Meeting held on Monday, April 06, 2026.
As part of this initiative, the Company has committed to contribute a total sum of ₹27.30 Lakhs over a period of 2.5 years to support the project, aligning with the agreed terms.
This research venture underscores the Company's commitment to sustainability and innovation within the textile and dyes sector, aiming to develop next-generation technologies that can change the future of chemical components used in the chemical industries.
Key Details of the Collaboration
The agreement details highlight the scope and terms of the partnership:| Particulars | Detail |
|---|---|
| Name of Parties | Indian Institute of Technology Gandhinagar (IITGN) |
| Purpose | To support the project 'Protein-based textile colorants: A Sustainable Alternative to Chemical Textile Dyes' under the TEX-RAMPS Scheme. |
| Total Cost Outlay | Approximately Rs. 27.30 Lacs |
| Agreement Term | 2.5 years from the date of signing, April 06, 2026 |
| Joint Publication | Research publications arising from the project shall be jointly published in the names of contributing researchers from IITGN and ARUNAYA. |
The significant terms also stipulate that IITGN shall maintain the register of assets acquired using the project funds and provide reasonable access to ARUNAYA when required. Furthermore, all research publications must acknowledge ARUNAYA and the Ministry of Textiles in any reports, presentations, and publicity materials related to the project.
The agreement mandates that neither IITGN nor ARUNAYA can transfer technology or confidential information to a third party without mutual consent. In the event of a dispute, the parties shall endeavor to settle the matter amicably, referring it to arbitration as per the Arbitration and Conciliation Act, 1996, if an amicable solution is not found. The agreement is subject to the exclusive jurisdiction of the Courts at Gandhinagar.
ARUNAYA Stock Price Movement
Arunaya Organics Limited is rallying in live trading today, pushing its shares up ₹1.3, or 8.33%, to hit ₹16.9 amidst brisk trading of 192,000 shares.Source:
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