Board of directors of the Company in their meeting held on 13th August, 2025 has approved and authorized to execute a Business Development Agreement.
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Fluidomat Ltd's board approved a Business Development Agreement with S-Ancial Technologies Private Limited, a Mumbai-based technology service provider. The partnership aims to drive business expansion and revenue growth using AI tools, including a technology engine for revenue growth, AI-based sales lead generation, and strategic advisory support. The total value of the agreement is Rs. 2 crore, payable in four equal half-yearly instalments. There is no related-party connection and no shareholding involvement between the two companies.
The AI-driven business development push could support Fluidomat's top-line growth and signal a tech-forward strategy, though the Rs. 2 crore spend is modest and the partnership is service-based rather than equity-based, limiting immediate valuation impact.