Harshdeep Hortico Signs Letter of Intent with Ugaoo Agritech for ₹12 Crore Supply Deals
Harshdeep Hortico Ltd has entered into a Letter of Intent (LOI) with Ugaoo Agritech Private Limited, a company operating in the gardening and horticulture sector. The LOI outlines the mutual interest of the two parties for the proposed supply of flowers and pots/planters.The arrangement, which covers the Financial Year 2026-27, positions Harshdeep Hortico Ltd to further strengthen its market presence in the horticulture and garden products segment.
Under the LOI, Ugaoo Agritech Private Limited intends to place orders for products sourced from Harshdeep Hortico Limited. The indicative aggregate value for the supply during the Financial Year 2026-27 is approximately ₹12 Crore.
Key details of the Letter of Intent include:
| Aspect | Detail |
|---|---|
| Counterparty | Ugaoo Agritech Private Limited |
| Products | Flowers and pots/planters |
| Tenure | Financial Year 2026-27 |
| Indicative Value | Approximately ₹12 Crore |
| Nature of LOI | Expression of mutual intent (non-binding) |
The parties intend to solidify this arrangement by executing a detailed supply agreement and/or individual purchase orders. These future documentation stages will set out specific commercial terms, including pricing, delivery schedules, quality specifications, payment terms, and logistics arrangements.
Harshdeep Hortico Ltd stated that while the proposed business arrangement reflects continued confidence in its product offerings, actual revenues will depend on purchase orders issued by the buyer, overall market demand, and the fulfillment of the agreed commercial terms.
Stock Price Movement
Harshdeep Hortico Ltd settled at ₹80.08 today, ticking up 0.29% on Monday. The shares traded throughout the day, fluctuating between a low of ₹80.00 and a high of ₹81.50.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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