Deals5 Jan 2026, 05:20 pm
Ultracab (India) Ltd Enters into Brand Usage Agreement with Jigar Cables Limited
AI Summary
Ultracab (India) Ltd has entered into a Brand Usage Agreement on January 05, 2026, with Jigar Cables Limited (JCL). The agreement grants JCL a non-exclusive, non-transferable right to use the brand / trademark / trade name 'ULTRACAB' solely in connection with the manufacture and sale of products under the said brand. The agreement is subject to the receipt of requisite approval of the members of the Company. The company would receive a Commission/royalty at the rate of 2% p.a. on the Basic sale of the products sold by JCL, under the said brand name. The licence / brand usage right shall be valid for a period of five (5) years.
Key Highlights
- Ultracab (India) Ltd has entered into a Brand Usage Agreement with Jigar Cables Limited.
- JCL has been granted a non-exclusive, non-transferable right to use the brand / trademark / trade name 'ULTRACAB'.
- The agreement is subject to the receipt of requisite approval of the members of the Company.
- The company would receive a Commission/royalty at the rate of 2% p.a. on the Basic sale of the products sold by JCL.
- The licence / brand usage right shall be valid for a period of five (5) years.