Hemant Surgical Industries Secures SKD Manufacturing Agreement with Sonomed Escalon for Ophthalmic Ultrasound Devices
Hemant Surgical Industries Ltd has finalized a Semi Knocked Down (SKD) Manufacturing Agreement with Sonomed Escalon, USA. The agreement outlines the manufacturing and exclusive distribution rights within the Indian market for specific ophthalmic ultrasound devices.The purpose of the newly established partnership is to undertake SKD manufacturing in India for two designated models of A-scan and pachymetry ophthalmic ultrasound devices. Under the terms of the agreement, Hemant Surgical Industries will exclusively distribute these devices throughout the Indian Market.
Details regarding the scope and financial parameters of the SKD Manufacturing Agreement were provided. The work scope for both parties is defined according to the SKD and further localization requirements. Sonomed Escalon committed to supplying the materials in SKD form at a preferential Transfer Price. It was noted that this pricing structure specifically excludes taxes, duties, customs, or statutory levies, as well as shipping unless otherwise mutually agreed upon.
The partnership involves no shareholding in the counterpart entity. Furthermore, the transaction is not categorized as a related party transaction. The company noted that the promoter previously acted as an authorized distributor for Sonomed Escalon.
Key details of the agreement are summarized below:
| Particulars | Details |
|---|---|
| Partner | Sonomed Escalon, USA |
| Agreement Purpose | Undertake SKD manufacturing in India of two designated models of A-scan and pachymetry ophthalmic ultrasound devices. |
| Market Scope | Exclusive distribution within the Indian Market. |
| Agreement Size/Terms | The scope is defined as per SKD and further localisation, with Sonomed Escalon supplying in SKD form at a preferential Transfer Price. |
| Relationship Status | No related party transaction; promoter was previously an authorized distributor of Sonomed Escalon. |
Stock Price Movement
Shares of Hemant Surgical Industries Ltd settled on Tuesday at ₹369.00, climbing 2.36% in the market. The stock traded within its intraday range, finding a low near ₹362.00 and reaching a high of ₹370.00.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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