Nutricircle Ltd Establishes MOU with ICT for Functional Protein Research and Development

Nutricircle Ltd Establishes MOU with ICT for Functional Protein Research and Development​

Nutricircle Limited, formerly known as Shreeyash Industries Limited, has established a Memorandum of Understanding (MOU) with the Institute of Chemical Technology (ICT), Mumbai. This partnership is designed to conduct research and development (R&D) programs focused on mutually agreed areas, specifically targeting the development of scalable processes for extracting, purifying, concentrating, and commercializing functional proteins from vegetable market biomass.

The collaboration between Nutricircle Ltd and ICT outlines a defined scope for the joint Research Programs. The MOU stipulates that Nutricircle Limited will provide project funding totaling INR 26,82,800. This funding is payable according to milestones and the schedule specified in the Statement of Work (SOW) to be developed by both parties.

The MOU is effective from July 22, 2026, and is set to remain valid for a period of five years, subject to mutual agreement or termination by providing 90 days prior written notice.

Key Terms of the Research Collaboration​

The partnership includes several significant provisions governing the research and intellectual property creation:

• Research Focus: The primary focus area identified in the MOU is Functional Proteins from Vegetable Market Biomass.
• Intellectual Property (IP): Any intellectual property or creative works created under the MOU will be jointly owned by Nutricircle Limited and ICT, with each party holding 50% ownership. Should one party wish to cease participation regarding IP, they must notify the other within six months of the invention date.
• Non-Exclusivity: The MOU is non-exclusive, meaning both parties remain free to pursue other research projects or collaborations with third parties.
• Confidentiality and Confidential Information: Both parties are bound by strict confidentiality obligations. This includes maintaining proprietary information and samples. These confidentiality obligations will survive for five years following the termination of the MOU.

The MoU details various operational aspects, including the appointment procedures for fellows under ICT rules and provisions ensuring that public disclosure regarding the agreement is made only with the prior written consent of both parties.

Stock Price Movement​

Nutricircle Ltd. shares settled at ₹279.30 on Thursday, marking a 2.00% decline. The stock remained completely locked throughout the trading session, with its high and low registering identically.