Nakoda Group of Industries Limited has informed the Exchange about Agreement of Co-packing, Manufacturing and supply
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Nakoda Group of Industries has signed a domestic co-packing and supply agreement with Patel Beverages Private Limited for its 'NOCTRL' brand of non-alcoholic and energy drinks. Under the deal, Patel Beverages will handle the manufacturing, supply, and co-packing of Nakoda's beverage products, while Nakoda will pay consideration as per mutually agreed terms. The company stated the agreement is not a related-party transaction and involves no acquisition of shares or voting rights. The rationale is to enter the consumer beverage and soft drink segment, expanding the product portfolio of the company.
This is a strategic move into the FMCG/beverage space for Nakoda Group, which could broaden its revenue base. However, the counterparty is a small entity, specific financial terms are undisclosed, and the agreement is operational (co-packing) rather than equity-based, so the near-term impact on the stock may be limited.