Jyothy Labs to Pursue Legal Action Against Henkel Over License Agreements

Jyothy Labs Limited announced its decision to pursue legal remedies regarding the non-renewal of license agreements for the Pril and Fa brands with Henkel AG & Co. KGaA. Following discussions and communication from Henkel, the company has evaluated its options and concluded that legal action is necessary to assert its contractual rights concerning the exit and transition mechanism under the existing License Agreements and Technology License Agreements. The Board of Directors has approved this course of action, and the company will keep the stock exchanges informed of further material developments.