Control Print Limited has informed the Exchange about Intellectual Property Assignment Agreement
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Control Print Limited has entered into an Intellectual Property Assignment Agreement with CP Italy S.R.L., its step-down wholly owned subsidiary, to purchase patents and intellectual property rights. The transaction size is Euro 2.86 million and is intended to consolidate IP ownership within the Company. CP Italy S.R.L. is a direct wholly owned subsidiary of Control Print B.V., which is wholly owned by Control Print Limited, making this an intra-group transfer. The transaction has been approved by the audit committee and board of directors on April 17, 2026, and is classified as a related party transaction conducted at arm's length. No special rights or additional terms are involved.
This is an internal consolidation of IP assets within the corporate group at a cost of approximately Rs 26 crore (Euro 2.86 million). The impact on shareholders is minimal as it involves transferring IP from one subsidiary to the parent company, with no change in the group's overall value.