BSECompany Update4d ago · 5 Nov 2026, 07:15 pm
This is in replacement of the earlier disclosure made today. The Company has entered in an Memorandum of Understanding to enter into a Contractual Joint Venture for the purpose as stated therein.
Adarsh Plant Protect Ltd · 526711
✦ AI Summary▲ PositiveJoint Venture
Adarsh Plant Protect Ltd has entered into a Memorandum of Understanding (MOU) to form a Contractual Joint Venture Agreement (CJV) with Rapid Group Pvt. Ltd. and Smart Solar Pvt. Ltd. for the supply and commercialization of cook stoves in partnership with the Government of Nepal.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10
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Adarsh Plant Protect Ltd - 526711 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
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05th November, 2026,
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400 001
SUB: Disclosure under Regula(cid:415)on 30 of the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements)
Regula(cid:415)ons, 2015 – Execu(cid:415)on of Memorandum of Understanding for Contractual Joint
Venture Agreement
Scrip Code: 526711
Dear Sir/ Madam,
Pursuant to Regula(cid:415)on 30 read with Part A of Schedule III of the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure
Requirements) Regula(cid:415)ons, 2015, we wish to inform you that Adarsh Plant Protect Limited ("the
Company") has entered into a Memorandum of Understanding (“MOU”) to form a Contractual Joint
Venture Agreement ("CJV") with M/s Rapid Group Pvt. Ltd. and M/s Smart Solar Pvt. Ltd. ("JV
Partners") on 05th November, 2026.
The primary objec(cid:415)ve of this MOU is the mutual supply, distribu(cid:415)on, and commercializa(cid:415)on of through
bidding for supply and delivery of cook stoves in partnership with local level, invited by Government
of Nepal, Ministry of Energy, Water Resource and Irriga(cid:415)on, Alterna(cid:415)ve Energy Promo(cid:415)on Centre,
along with a pre-agreed profit-sharing mechanism.
The details required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13,
2023, are provided in Annexure A a(cid:425)ached herewith.
Kindly take the same on your records.
Thanking you,
Yours faithfully,
For Adarsh Plant Protect Limited
Ms. Dhwani Shah
Company Secretary
ANNEXURE A
Disclosure of Informa(cid:415)on pursuant to Regula(cid:415)on 30 of SEBI (LODR) Regula(cid:415)ons, 2015
Par(cid:415)culars Details
Name(s) of the par(cid:415)es with Adarsh Plant Protect Limited, M/s Rapid Group Pvt. Ltd. and
whom the MOU is entered M/s Smart Solar Pvt. Ltd
Commercial collabora(cid:415)on for the steady supply of Cook
Purpose of entering into the
2 Stoves and sharing of opera(cid:415)onal profits derived from the
target market segment.
Shareholding, if any, in the
3 Nil
joint venture en(cid:415)ty
Details of change in control/
4 None
management
Details and quan(cid:415)fica(cid:415)on of
5 the restric(cid:415)on or liability None
imposed upon the listed en(cid:415)ty
•Supply Framework: Your Company will act as the primary
supplier for Cooked Stoves.
Significant terms of the MOU
6 •Profit Sharing: Net profits generated from the joint
(in brief)
commercial opera(cid:415)ons will be shared in a Ra(cid:415)o 33:34:33
p ropor(cid:415)on.
Whether the said joint venture
7 falls within related party No
transac(cid:415)ons?
In case where bidding is successful, it’s expected to
Financial/ opera(cid:415)onal impact, significantly enhance the Company's product distribu(cid:415)on
if any reach and contribute posi(cid:415)vely to top-line and bo(cid:425)om-line
growth star(cid:415)ng from FY 2026-27.
In case where bidding is successful, this collabora(cid:415)on shall
maximise capacity u(cid:415)lisa(cid:415)on, scaling supply-chain
9 Ra(cid:415)onale for the collabora(cid:415)on
efficiencies, and expanding market footprint without capital
deployment or dilu(cid:415)on of corporate control.