HMA Agro Industries Enters into Facilities Agreement with AL RAIYAN EXPORT for Slaughtering, Chilling, Processing, Freezing and Packing of Frozen Halal Boneless Buffalo Meat

HMA Agro Industries Limited has entered into Facilities Agreements with AL RAIYAN EXPORT for availing facilities for slaughtering, chilling, processing, freezing and packing of frozen Halal boneless buffalo meat. The agreement is for a term of three years, starting from 01.12.2024. AL RAIYAN EXPORT has a processing capacity of 232.00 MT Per Day. The agreement does not classify as a related party transaction under the SEBI Listing Regulations for the Company. In case of any claim, disputes or difference arising between the parties in connection with the terms and conditions of this Agreement and/ or in relation to the interpretation thereof, the same shall be referred to a sole Arbitrator and such arbitration shall be conducted with the provision of the Arbitration and Conciliation Act,1996 for the time being in force. The arbitration shall be held in New Delhi and the parties agree that the Arbitration shall be final and may be enforced as a decree. The parties further agree that only the competent Courts of jurisdiction at New Delhi shall be exclusive jurisdiction in all matters arising there under.