BSECompany Update4d ago · 16 Oct 2026, 11:49 am
The company has entered into Supply agreement with Pidilite Industries Limited as on October 16, 2026 on an exclusive basis for the development, manufacture, packing and supply of Aligner Cleaning Form and Tooth Brightening Strips to be supplied exclusively to Pidilite Industries Limited
Novateor Research Laboratories Ltd · 542771
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Novateor Research Laboratories Ltd has entered into a three-year supply agreement with Pidilite Industries Ltd for the exclusive development, manufacture, packing, and supply of Aligner Cleaning Foam and Tooth Brightening Strips.
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Earnings Impact4/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment6/10
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Novateor Research Laboratories Ltd - 542771 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
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Date: October 16, 2026
Department of Corporate Services
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai – 400 001
(Scrip Code: 542771)
Dear Sir/Madam,
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Execution of Supply Agreement with Pidilite Industries
Limited
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, read with Schedule III thereto, we wish to inform you that Novateor Research
Laboratories Limited (“the Company”) has entered into a Supply Agreement dated October
15, 2026, with Pidilite Industries Limited, a company engaged, inter alia, in the business of
adhesives, sealants, pigments, consumer products and specialty industrial chemicals.
Under the terms of the Agreement, the Company has been engaged on an exclusive basis for the
development, manufacture, packing and supply of certain products incorporating an enzyme-
based formulation, in accordance with the specifications, quality standards and requirements
prescribed by Pidilite Industries Limited.
The products covered under the Agreement include Aligner Cleaning Foam and Tooth
Brightening Strips, which will be marketed under the brand name determined by Pidilite
Industries Limited. The Agreement provides for an exclusive manufacturing and supply
arrangement, with the products to be supplied exclusively to Pidilite Industries Limited in
accordance with the terms of the Agreement and the purchase orders issued from time to time.
The Agreement is valid for a period of three years from October 15, 2026, unless terminated
earlier in accordance with its terms, and may be renewed for such further periods as may be
mutually agreed upon in writing. The pricing and payment terms shall be mutually agreed upon
in writing and specified in the relevant purchase orders from time to time.
The arrangement is expected to provide the Company with an opportunity to strengthen its
presence in the oral care and personal care products segment and to develop its manufacturing
and supply business through its association with Pidilite Industries Limited.
The requisite disclosures pursuant to the applicable provisions of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No.
SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are enclosed herewith as
Annexure – I.
You are requested to kindly take the above information on record and acknowledge receipt of the
same.
Thanking you,
Yours faithfully,
For Novateor Research Laboratories Limited
Navdeep Mehta
Managing Director
DIN: 03441623
Annexure –I
Sr. Particulars Details
1. Name of the entity awarding the Pidilite Industries Limited
order(s)/ contract(s)
2. Whether order(s) / contract(s) have Domestic entity
been awarded by domestic/
international entity
3. Significant terms and conditions of The Company has entered into a Supply
order(s)/ contract(s) awarded, in brief Agreement dated October 15, 2026,
with Pidilite Industries Limited for the
exclusive development, manufacture,
packing and supply of products
incorporating an enzyme-based
formulation, namely Aligner Cleaning
Foam and Tooth Brightening Strips, in
accordance with the specifications and
quality standards prescribed by Pidilite
Industries Limited. The products will
be marketed under the brand name
determined by Pidilite Industries
Limited. Pricing and payment terms
shall be mutually agreed upon in
writing and specified in the relevant
purchase orders issued from time to
time.
4. Time period if any, associated with the The Agreement is valid for three years
order(s)/ contract(s) from October 15, 2026, unless
terminated earlier in accordance with
its terms. The Agreement may be
renewed for further periods by mutual
written agreement.
5. Broad commercial consideration or size The Agreement does not specify a fixed
of the order(s)/ contract(s) aggregate contract value or minimum
purchase commitment. The pricing and
payment terms shall be mutually
agreed upon in writing and specified in
the relevant purchase orders issued
from time to time.
6. Whether the promoter/ promoter group No
/ group companies have any interest in
the entity that awarded the
order(s)/contract(s)? If yes, nature of
interest and details thereof;
7. Whether the order(s)/contract(s) would No
fall within related party transactions? If
yes, whether the same is done at “arm’s
length”