Affordable Robotic & Automation Limited has informed the Exchange about Memorandum of Understanding/Agreements
AFFORDABLE · price
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Affordable Robotic & Automation Limited (ARAPL) has signed an MOU with Mold-Tek Technologies Limited (MTTL), a listed company with a market cap of around ₹445 crores. Under the 3-year agreement, ARAPL will handle robotics manufacturing, assembly, integration, control systems, and project execution, while MTTL will provide engineering design, simulation, and digital automation services along with marketing in the USA and European markets. Both parties will pay up to 7% commission on orders secured through the other's marketing efforts. The partnership targets both Indian and international markets with a focus on export orders. The transaction is not a related party transaction and has been approved by ARAPL's Board of Directors.
This strategic tie-up gives ARAPL access to MTTL's established sales network and client relationships in the USA and Europe, potentially opening significant export revenue streams. For shareholders, this could mean stronger order book visibility and international growth, though actual financial benefits will depend on converting the collaboration into binding orders over the 3-year period.