Harshdeep Hortico Ltd enters into LOI with Ugaoo Agritech Pvt Ltd

Harshdeep Hortico Limited ("the Company") has entered into a Letter of Intent ("LOI") with Ugaoo Agritech Private Limited ("Ugaoo"), a leading player in the gardening and horticulture sector.

The LOI records the mutual intent of the parties whereby Ugaoo proposes to place orders on the Company for the supply of flowers and pots/planters during the Financial Year 2026-27.

Key Highlights of the LOI

- Counterparty: Ugaoo Agritech Private Limited.

- Nature of Arrangement: Proposed procurement of flowers and pots/planters from Harshdeep Hortico Limited.

- Indicative Aggregate Value: Approximately ₹12 Crore during Financial Year 2026-27.

- Tenure: Financial Year 2026-27.

- Definitive Documentation: The parties intend to execute a detailed supply agreement and/or individual purchase orders setting out commercial terms including pricing, delivery schedules, payment terms, quality specifications and logistics arrangements.

- Nature of LOI: The LOI is primarily non-binding in nature and serves as an expression of mutual intent, except for customary provisions relating to confidentiality, governing law and dispute resolution.

The Company believes that the proposed business arrangement reflects continued confidence in its product offerings and is expected to strengthen its position in the horticulture and garden products segment. Actual revenues arising from the arrangement shall depend upon purchase orders issued by the buyer from time to time, market demand and fulfillment of agreed commercial terms.

Shares of Harshdeep Hortico Limited was last trading in BSE at Rs. 80.08 as compared to the previous close of Rs. 79.85. The total number of shares traded during the day was 37500 in over 17 trades.

The stock hit an intraday high of Rs. 81.50 and intraday low of 80.00. The net turnover during the day was Rs. 3041760.00.

Source : Equity Bulls

Keywords

HarshdeepHortico AgriculturalProducts INE0OLZ01015 LOI UgaooAgritech