| Updated on November 11, 2016 Published on November 11, 2016

With reference to the earlier letter dated January 16, 2015, that the Company has entered into an exclusive distribution agreement with Atlantic International (“Distribution Agreement”), for selling and distributing, in India and other territories, domestic water heaters (“Product”) manufactured by Atlantic International, under the joint brand name “Hindware Atlantic”.

HSIL Ltd has now informed BSE that the Company now propose to set up a semi knocked down assembly line for manufacturing the Products, which Products will continue to be distributed through the Distribution Agreement. In furtherance to the above, the Company has entered into the following agreements: (i) a Know How Licensing Agreement dated November 11, 2016; and (ii) a Component Sale and Purchase Agreement dated November 11, 2016.

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Source : BSE - >www.bseindia.com

Published on November 11, 2016
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