Nutricircle Ltd Enters Agreement with CSIR-CFTRI for Chickpea Ingredient Development
Nutricircle Ltd entered into an SSP Project Agreement with the Central Food Technological Research Institute (CSIR-CFTRI) on April 2, 2026. The agreement focuses on the development of fermented chickpea ingredients, aiming to enhance both protein bioavailability and techno-functional properties.The scope of the collaboration involves three distinct phases of work by CSIR-CFTRI. These phases include:
- Phase I - Strain Screening: Selection of superior microbial strains based on criteria such as proteolytic activity, probiotic potential, and the ability to degrade anti-nutritional factors (ANFs) like phytic acid and RFOs.
- Phase II - Process Optimization: Establishing key fermentation parameters to achieve maximal ANF reduction and soluble protein/peptide release.
- Phase III - Comprehensive Characterization: Detailed assessment of the optimized ingredient, including determining the enhanced In Vitro Protein Digestibility (IVPD), analyzing the proteolysis profile using SDS-PAGE, and measuring improved techno-functional properties (e.g., emulsifying and foaming stability) and desirable sensory characteristics.
A structured breakdown of the financial terms under the agreement details the payment schedule from Nutricircle Limited (NL) to CSIR-CFTRI.
| Financial Component | Amount | Details |
|---|---|---|
| Sponsorship Charges | Rs. 33,48,750/- | GST @ 18% on Rs. 6,02,175/- |
| Total Initial Payment | Rs. 39,51,525/- | (Rupees Thirty Nine Lakh Fifty One Thousand Five Hundred Twenty Five Only) |
| First Instalment (60%) | Rs. 20,09,250/- | Includes GST @ 18% of Rs. 3,61,665/-. Total: Rs. 23,70,915/- (Rupees Twenty Three Lakh Seventy Thousand Nine Hundred Fifteen Only). Payable upon signing. |
| Second Instalment (40%) | Rs. 13,39,500/- | Includes GST @ 18% of Rs. 2,41,110/-. Total: Rs. 15,80,610/- (Rupees Fifteen Lakh Eighty Thousand Six Hundred Ten Only). Payable by November 31, 2026. |
The agreement specifies that NL shall also pay CSIR-CFTRI for personnel deputed outside their location related to the activity, along with associated travel charges, TA/DA, and provision of boarding, lodging, and local transport as outlined by CSIR.
The agreement's total tenure is set for twenty four months from the execution date of April 2, 2026. CSIR-CFTRI is responsible for completing the activity, including submitting the final report, within six months of signing and receiving the project charges.
The transaction does not involve related party dealings, and the agreement is not considered to be within the normal course of business. Furthermore, the parties confirmed that there are no shareholdings or special rights held by either side, and no shares are issued under this arrangement.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.