We attach herewith disclosure regarding technical collaboration agreement
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Him Teknoforge has signed a Technical Collaboration Agreement with China's JIUXIN Precision Tooling Corp. and YIYOU Machinery Co., Ltd. to share technical know-how in the design, inspection, and troubleshooting of bevel gears, and to optimize die-making costs. Under the deal, YIYOU will help select suitable presses and equipment, develop optimized forging solutions, supply cost-effective dies and tools, and depute a qualified technical expert to India for 4-6 months each year. Company personnel will also undergo a minimum three-week hands-on training program in China. The company will bear deputation costs but no share exchange or acquisition is involved.
This collaboration should help Him Teknoforge upgrade its bevel gear manufacturing capabilities, reduce tooling costs, and improve product quality. The move is positive for operational efficiency over the medium term but is a strategic capability-building step rather than an immediate revenue driver, so short-term stock impact is likely to be limited.