Deals18 Feb 2026, 01:01 pm
Safari Industries India Ltd Executes Licensing Agreement with Carlton Retail Private Limited
AI Summary
Safari Industries India Ltd has executed a Licensing Agreement with Carlton Retail Private Limited for the use of the brand ‘CARLTON’ under Class 18 for certain products including luggage in India. The agreement has a term of 20 years, which may be renewed for another 20 years at the discretion of the Company. The total license fees payable to Carlton Retail Private Limited shall be Rs. 45 Lakh or 5% of total net sales, whichever is higher, upon completion of each license year. The total interest-free refundable Security Deposit payable to Carlton Retail Private Limited under the Agreement shall be Rs. 99.50 Crore.
Key Highlights
- Safari Industries India Ltd has executed a Licensing Agreement with Carlton Retail Private Limited
- The agreement is for the use of the brand ‘CARLTON’ under Class 18 for certain products including luggage in India
- The agreement has a term of 20 years, which may be renewed for another 20 years
- The total license fees payable to Carlton Retail Private Limited shall be Rs. 45 Lakh or 5% of total net sales
- The total interest-free refundable Security Deposit payable to Carlton Retail Private Limited under the Agreement shall be Rs. 99.50 Crore