Board approves NOC for use of Valencia trademark by new entities

Valencia Nutrition Limited's board approved issuing a No Objection Certificate allowing proposed entities currently under incorporation to use its registered word trademark "Valencia" (Class 32, Trademark No. 5539853). No royalty or consideration is charged. The NOC is granted solely for corporate name reservation purposes. It is classified as a Related Party Transaction since promoters or promoter group may hold future interest or directorships in these new entities. The grant is on arm's length basis and the listed company retains full, absolute, and exclusive ownership of the trademark.