Please find attached disclosure for signing of letter of intent for your reference.
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Harshdeep Hortico Limited has signed a non-binding Letter of Intent with Ugaoo Agritech Private Limited, under which Ugaoo intends to place orders for flowers, pots, and planters worth approximately ₹12 crore during Financial Year 2026-27. Ugaoo is described as a leading player in the gardening and horticulture sector. The LOI is primarily non-binding and serves as an expression of mutual intent, with a formal supply agreement and individual purchase orders to follow. Actual revenues will depend on the purchase orders that get raised, market demand, and agreed commercial terms. The disclosure has been made under SEBI's Regulation 30 to keep shareholders informed.
If the ₹12 crore intent translates into actual orders, it could meaningfully boost Harshdeep Hortico's FY27 revenue and strengthen its position in the horticulture segment. However, since the LOI is non-binding and actual orders are yet to be placed, share price reaction may be limited until a definitive supply agreement or confirmed purchase orders are announced.