NSEGeneral Updates10 Aug 2026 · 10 Aug 2026, 04:55 pm
General Updates
IKIO Technologies Limited · IKIO
✦ AI SummaryJoint Venture
IKIO Technologies Limited has entered into a Memorandum of Understanding (MoU) with Frontline Solutions, a Saudi Arabian company, to establish a long-term strategic partnership for delivering innovative lighting solutions in Saudi Arabia.
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Full Announcement
IKIO Technologies Limited has informed the Exchange about Intimation about Execution of Memorandum of Understanding (MoU) between Royalux FZCO, UAE, a step-down subsidiary of IKIO Technologies Limited & Frontline Solutions, Riyadh, Saudi Arabia.
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IKIO_10082026165458_MOU_Final.pdf
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IKIO TECHNOLOGIES LIMITED
(Formerly known as IKIO LIGHTING LIMITED)
(CIN.:L31401DL2016PLC292884)
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Date: 10.08.2026
BSE Limited
The National Stock Exchange of India
Dalal Street,
Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1,
Mumbai 400 001
G Block, Bandra-Kurla Complex,
Scrip Code: 543923
Bandra (East), Mumbai 400 051.
Symbol: IKIO
Dear Sir/Madam,
Subject: Intimation about Execution of Memorandum of Understanding (MoU) — Disclosure
under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
As per the information received from the step-down subsidiary on dated 10% August, 2026, we wish to
inform you that Royalux FZCO, UAE, a step-down subsidiary of IKIO Technologies Limited, has
entered into a Memorandum of Understanding (MoU) with Frontline Solutions, having its registered
office in the Riyadh, Saudi Arabia.
The Memorandum of Understanding ("MoU") reflects the shared vision of the Frontline Solutions,
Riyadh, Saudi Arabia, a provider of end-to-end ICT, AV, ELV, and digital business solutions across the
Middle East region, and Royalux FZCO, UAE, to establish a long-term strategic partnership for
delivering innovative, reliable, and premium lighting solutions across the Kingdom of Saudi Arabia.
The details as required under Regulation 30 of the SEBI Listing Regulations read with the SEBI Master
Circular dated January 30, 2026 are enclosed as Annexure A.
Kindly take the above information on record.
Thanking You.
For IKIO Technologies Limited
Sandeep Kumar Agarwal
Company Secretary & Compliance Officer
web. www.ikiotech.in
Email: info@ikiotech.com
Tel. No. 0120-5106867
Annexure A
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with the SEBI Master Circular dated January 30, 2026
Sr. Particulars Details
1. Name(s) of parties with whom the (i) Frontline Solutions, Riyadh,
agreement is entered Saudi Arabia
(ii) Royalux FZCO, Dubai, UAE
2. purpose of entering into the agreement The MOU establishes a strategic partnership to
jointly identify, develop and deliver premium
lighting solutions for projects in Saudi Arabia
by combining Frontline’s market presence and
project execution capabilities with the
Royalux’s engineering and manufacturing
expertise.
3. size of agreement The MOU does not stipulate any fixed
monetary consideration, minimum order value
or committed business value.
Accordingly, the financial value of the MOU
cannot be determined at this stage
4. shareholding, if any, in the entity with Not Applicable
whom the agreement is executed;
5. significant terms of the agreement This MOU is valid for one (1) year from
signature and renews by mutual agreement.
Either Party may terminate with 90 days'
written notice without affecting ongoing
projects or confidentiality obligations.
The Parties shall collaborate in business
development, client engagement, consultant
coordination, BOQ review, lighting design,
engineering, technical submittals, value
engineering, manufacturing, supply,
installation support, commissioning, warranty,
training and joint marketing.
6. whether, the said parties are related to No
promoter/promoter group/ group
companies in any manner. If yes, nature
of relationship;
7. whether the transaction would fall No
within related party transactions? If
yes, whether the same is done at “arm’s
length”;
8. in case of issuance of shares to the Not Applicable
parties, details of issue price, class of
shares issued;
9. in case of loan agreements, details of Not Applicable
lender/borrower, nature of the loan,
total amount of loan granted/taken, total
amount outstanding, date of execution
of the loan agreement/sanction letter,
details of the security provided to the
lenders / by the borrowers for such loan
or in case outstanding loans lent to a
party or borrowed from a party become
material on a cumulative basis;
10. any other disclosures related to such Not Applicable
agreements, viz., details of nominee on
the board of directors of the listed entity,
potential conflict of interest arising out
of such agreements, etc.;
11. in case of termination or amendment of Not Applicable
agreement, listed entity shall disclose
additional details to the stock
exchange(s):
i. name of parties to the agreement;
ii. nature of the agreement;
iii. date of execution of the agreement;
iv. details of amendment and impact
thereof or reasons of termination and
impact thereof.