Harshdeep Hortico: LOI with Ugaoo Agritech for ₹12 Cr Order

Harshdeep Hortico Ltd has signed a Letter of Intent (LOI) with Ugaoo Agritech Private Limited, a player in the gardening and horticulture sector. Under the LOI, Ugaoo intends to place orders with Harshdeep Hortico for the supply of flowers and pots/planters during the Financial Year 2026-27. The indicative aggregate value of the orders is approximately ₹12 Crore. The LOI outlines the mutual intent of both parties to execute a detailed supply agreement and/or individual purchase orders, specifying commercial terms such as pricing, delivery schedules, payment terms, quality specifications, and logistics arrangements. While primarily non-binding, the LOI includes customary provisions for confidentiality, governing law, and dispute resolution.