Jyothy Labs to pursue legal action over Henkel's non-renewal of Pril, Fa brands
JYOTHYLAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.7 pts less than its Household Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jyothy Labs will pursue legal remedies against Henkel AG & Co. KGaA over its decision to not renew the Pril and Fa brand licenses. The License and Technology License Agreements were originally signed on May 31, 2011, covering manufacturing, distribution, marketing and sale of these brands. After discussions with Henkel, the Board decided to assert contractual rights on the exit and transition mechanism. Further material developments will be shared with the exchanges.
Legal action creates uncertainty around Pril and Fa brands; potential revenue impact pending outcome. Watch for further updates from the company.