Artson Ltd Announces Joint Venture Agreement with Malabar Cements Limited

Artson Ltd has announced a Joint Venture Agreement (JVA) with Malabar Cements Limited (MCL). The JV aims to utilize Artson's execution capabilities in the manufacturing, fabrication, erection, mechanical, installation, outfitting, MEP works, assemblies, repairs of parts or complete ship, boats, vessels, barge, floating platforms and other products associated with the Maritime Industry. MCL will provide the waterfront land in possession. The JV will have an unincorporated structure with profit/loss sharing ratios based on various slabs. Artson and MCL will have three and two representatives, respectively, on the supervisory board. The agreement does not pose any potential conflict of interest.