Hemant Surgical Industries Ltd. Enters into Agreement with Sonomed Escalon for Manufacturing
Hemant Surgical Industries Ltd. announced on April 1, 2026, an agreement with Sonomed Escalon, USA, a global leader in ophthalmic diagnostic imaging. The strategic Semi Knocked Down (SKD) Manufacturing Agreement will enable Hemant Surgical Industries Ltd. to undertake SKD manufacturing and localize 100% of manufacturing in India for ophthalmic ultrasound diagnostic devices.Under the terms of the agreement, Sonomed Escalon will supply components in SKD form at a preferential "Transfer Price." This price excludes taxes, duties, customs, statutory levies, and shipping unless otherwise agreed.
Hemant Surgical Industries Ltd. confirmed that Sonomed Escalon is not a related party, although a promoter previously served as an authorized distributor for Sonomed Escalon. The transaction does not constitute a related-party transaction.
The agreement does not involve the issuance of shares or loans and does not have any special rights, potential conflicts of interest, or nominee directors. Hemant Surgical Industries Ltd. will disclose additional details to the stock exchange(s) in the event of termination or amendment of the agreement.
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