Announced Fri, 24 Jul · 19:01 IST
Nutricircle signs R&D MOU with ICT Mumbai for plant protein research
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Nutricircle has signed an MOU with Institute of Chemical Technology Mumbai to collaborate on R&D for extracting and commercializing functional proteins from vegetable biomass. Nutricircle will fund INR 26.83 lakh in project milestones. The 5-year agreement allows sponsored PhD research programs, with any resulting intellectual property jointly owned 50-50. The MOU is non-exclusive and effective from 22 July 2026.
Likely market impact
Positive for long-term product development; modest funding size limits immediate financial impact. Strengthens R&D capabilities.