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.