ENCLOSED HEERWITH AGREEMENT ENTERED BY COMPANY FOR SSP PROJECT ON DATED 02/04/2026
Awaiting price reaction for this filing.
Nutricircle Limited has entered into a research agreement with CSIR-CFTRI (Central Food Technological Research Institute) on April 2, 2026. The project focuses on developing fermented chickpea ingredients for enhanced protein bioavailability and techno-functional properties. The agreement spans 24 months and involves three phases: strain screening, process optimization, and comprehensive characterization. Nutricircle will pay Rs. 39.51 lakh (including 18% GST) as sponsorship charges, with 60% as first installment at signing and 40% by November 2026. CSIR-CFTRI will complete the activity and submit interim and final reports within six months of signing.
This is a positive development as it involves collaboration with a prestigious government research institute for food technology innovation. However, the agreement is a research sponsorship rather than a commercial transaction, so direct stock price impact is likely to be limited unless the research yields commercially viable products.