New Launch1 Oct 2025, 03:13 pm
Mafatlal Industries Ltd. Executes Trademark Licensing and Royalty Agreement with Gurukripa Trust
AI Summary
Mafatlal Industries Ltd. has entered into a Trademark Licensing and Royalty Agreement with Gurukripa Trust, a Related Party. The Company and its subsidiaries have been granted the right to use the licensed trademarks owned by the Trust. The royalty amount will be calculated at the rate of 0.5% of Net Sales, subject to a maximum of 5% of Profit Before Tax (PBT). The royalty shall be paid on a quarterly basis, with effect from 1st October 2025. The Trust shall raise an invoice for the Royalty payment within 15 (fifteen) days from the date when the Company announces its unaudited financial results for the relevant Quarter.
Key Highlights
- Mafatlal Industries Ltd. has executed a Trademark Licensing and Royalty Agreement with Gurukripa Trust.
- The Trust has granted rights to the Company and its subsidiary companies to use the licensed trademarks owned by the Trust.
- The royalty amount will be calculated at the rate of 0.5% of Net Sales, subject to a maximum of 5% of Profit Before Tax (PBT).
- The royalty shall be paid on a quarterly basis, with effect from 1st October 2025.
- The Trust shall raise an invoice for the Royalty payment within 15 (fifteen) days from the date when the Company announces its unaudited financial results for the relevant Quarter.