In compliance with Regulation 30 of the SEBI (Listing Obligation and DisclosureRequirements) Regulations, 2015, we are pleased to announce that Aether Industries Limited(Aether) has executed a Contract Manufacturing Agreement with Milliken Chemical andTextile (India) Co. Private Limited, a wholly owned subsidiary of USA headquartered Milliken& Company (Milliken).
AETHER · price
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Aether Industries has signed a 10-year Contract Manufacturing Agreement with Milliken Chemical and Textile (India) Co. Pvt. Ltd., a wholly owned subsidiary of US-based Milliken & Company. Under this deal, Aether will be the sole contract manufacturing partner for a key strategic product of Milliken, with its manufacturing facility 'Site 3+' fully dedicated to this project. The partnership shifts from Aether's existing CRAMS (Contract Research and Manufacturing Services) model to a Contract Manufacturing model. No financial details such as deal value, revenue projections, or investment amounts have been disclosed in the filing.
This long-term exclusive partnership with a globally reputed US company strengthens Aether's order book visibility for a decade and validates its manufacturing capabilities, which could be viewed positively by investors. However, since no financial terms or revenue estimates are shared, the near-term stock impact may be limited until more details emerge.