<h1>Srivasavi Adhesive Tapes Polymer Division Secures Five-Year Supply Agreement with Global MNC</h1>
Srivasavi Adhesive Tapes Limited has formalized a significant supply purchase agreement with a global multinational corporation through its Polymer Division. The deal, executed on July 1, 2026, establishes Srivasavi as a specialized manufacturer of products including PP, HDPE, and fabric for the international client.
The agreement is effective from July 1, 2026, and sets an initial term spanning five years, concluding on June 30, 2031, with provisions for future renewal upon mutual consent. Under this strategic partnership, Srivasavi's Polymer Division will be responsible for manufacturing woven fabric across various grades, including non-VCI, VCI, laminated, and printed variants, all adhering strictly to the client company’s technical specifications.
The agreement includes detailed protocols covering quality assurance, packing, storage, and logistics, and features standard payment terms aligned with MSME facilitation norms. For planning purposes, Srivasavi has provided indicative volume projections for this contract, anticipating a gradual ramp-up in production volume across basic, laminated, and printed fabric categories. The anticipated volumes are approximately 2,500 MT in the first contract year, followed by about 3,200 MT in the second year, and projected to reach roughly 3,900 MT during the third year.
Anil Kumar D.N., Managing Director of Srivasavi Adhesive Tapes Limited, commented on the agreement, stating that it represents a meaningful step for the Polymer Division and reflects the trust demonstrated by major global packaging companies in the company's manufacturing capabilities. He added that the contract strengthens order visibility over a multi-year horizon and supports the broader strategy of scaling up the polymer business alongside core adhesive tape operations, expressing anticipation for a long term mutually rewarding partnership.
SRIVASAVI Stock Price Movement
Shares of Srivasavi Adhesive Tapes Limited slipped on Wednesday, closing at ₹66.8 after shedding ₹1.70, which represented a 2.48% decline from the previous close. The stock was traded in normal market conditions that day with a volume of 1,000 shares.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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