Control Print Limited Enters IP Assignment Agreement with CP Italy S.R.L.
Control Print Limited has executed an Intellectual Property Assignment Agreement with CP Italy S.R.L., its step-down wholly owned subsidiary. The transaction involves the assignment of Intellectual Property Rights (IPRs) and patents owned by CP Italy S.R.L. to Control Print Limited, aiming to safeguard and consolidate IP ownership within the Company.The agreement was entered into for commercial expediency and other business reasons, allowing CP Italy S.R.L. to assign and convey all its rights and title related to the Intellectual Property in favor of Control Print Limited for an agreed consideration.
The transaction is considered a related party transaction and is confirmed to be at arm's length. Given the group structure, CP Italy S.R.L. is a direct wholly owned subsidiary of Control print B.V., which is itself a wholly owned subsidiary of Control Print Limited. Consequently, CP Italy S.R.L., Control print B.V., and Control Print Limited form part of the same corporate group.
The audit committee and board of directors of Control Print Limited approved the execution of this said transaction on April 17, 2026. The Intellectual Property Assignment Deed became effective on May 8, 2026.
Key details regarding the assignment agreement are presented below:
| Aspect | Detail |
|---|---|
| Parties | Control Print Limited and CP Italy S.R.L. |
| Purpose | Assignment of patents and IPRs registrations and/or applications owned by CP Italy S.R.L. for commercial expediency and IP consolidation. |
| Consideration | Euros 2.86 Million |
| Effective Date | May 8, 2026 |
| Transaction Status | Related party transaction, deemed at arm's length. |
CONTROLPR Stock Price Movement
On Friday, Control Print Limited shares slipped by 0.06% to settle at ₹669.8. The stock traded on a volume of 12,082 shares during the session.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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