JK Digital & Advanced Systems Pvt Ltd executes tripartite agreement with Meril Innovations Pvt Ltd and EOS Electroc Optical Systems India Pvt Ltd

JK Digital & Advanced Systems Private Limited ("JK Digital"), a WoS of Jaykay Enterprises has executed a tripartite Manufacturing Agreement with Meril Innovations Private Limited, Gujarat [Meril Lifesciences] [https://www.merillife.com], a leading MedTech Solutions Company, for production of Medical Devices/Implants through 3D Printing along with its technology Partner EOS Electro Optical Systems India Private Limited, Chennai a WoS of EOS GmBH of Germany [https://www.eos.info] [EOS].

The Agreement provides for JK Digital to Install, Operate specified 3D Printers assisted by EOS, its technology Partner for manufacturing of Orthopedic Implants at Meril LifeSciences premises in Gujarat. The Agreement will be initially for 15 years, mutually extendable by parties. The initial annual revenues are likely to be Rs 12-18 crores per year.

Shares of JAYKAY ENTERPRISES LTD. was last trading in BSE at Rs. 150.85 as compared to the previous close of Rs. 151.60. The total number of shares traded during the day was 208723 in over 851 trades.

The stock hit an intraday high of Rs. 159.15 and intraday low of 149.90. The net turnover during the day was Rs. 32774531.00.

Source : Equity Bulls

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JAYKAYENTERPRISES INE903A01025 TripartiteAgreement