Royal India Corporation Limited has announced a strategic partnership with JSC ETCGET, a subsidiary of Rosatom Service JSC, through a Memorandum of Understanding (MOU). This collaboration marks a significant development in the company's expansion into the nuclear and renewable energy sectors through international cooperation with a Russian nuclear energy subsidiary.

Partnership Scope and Focus Areas

The MOU encompasses comprehensive service areas designed to strengthen capabilities in the energy sector, including:

• Education services
• Training programs
• Research initiatives
• Innovation development
• Product development
• Consulting services

These services will specifically target the nuclear, thermal, renewable energy, and utilities sectors, positioning the partnership to address critical needs in India's growing energy infrastructure.

Agreement Structure and Terms

The partnership details reveal a well-structured international collaboration with specific operational parameters:

The agreement provides flexibility for expansion, allowing both parties to broaden areas of cooperation, scope, and business objectives as opportunities arise. The MOU is governed by Hong Kong SAR common laws without recourse to conflict of law rules for arbitration and dispute resolution.

Strategic Objectives and Expected Benefits

Royal India Corporation Limited aims to leverage this partnership to establish unique utility management and operation training centers. The collaboration is expected to provide consulting and related services that will enhance the efficiency, capacity utilization, and productivity of nuclear, thermal, and renewable energy utilities both in India and international markets.

The company's rationale centers on addressing the growing demand for specialized expertise in energy sector operations and management. By partnering with a Rosatom subsidiary, Royal India Corporation gains access to advanced nuclear energy technologies and operational methodologies developed by one of the world's leading nuclear energy organizations.

Regulatory Compliance and Disclosure

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. The company filed the disclosure with BSE Limited, where its shares trade under scrip code 512047.

The agreement does not involve any financial consideration, share exchange, or acquisition components. Royal India Corporation confirmed that this MOU does not fall within related party transactions, and no promoter or group companies have interests in the partnering entity, ensuring the arrangement maintains arm's length transaction standards.

This strategic partnership represents Royal India Corporation's commitment to expanding its service offerings in the energy sector while establishing international collaborations that can drive growth in both domestic and overseas markets.

Royal India Corp Limited, a company listed on the BSE, has reported a change in its promoter shareholding. According to a recent disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Mrs. Lata Manojkumar Punamiya, a promoter of the company, has reduced her stake through an open market transaction.

Key Details of the Transaction

Company Share Capital

The disclosure also provided information about the company's share capital:

Implications

This transaction represents a minor reduction in the promoter group's shareholding in Royal India Corp Limited. While the exact post-sale shareholding percentage of the promoter group is not specified, it has decreased from the previous 42.47%.

Regulatory Compliance

The company has duly informed the BSE Limited about this change in shareholding, adhering to the transparency requirements set by SEBI. This disclosure helps maintain market integrity and keeps investors informed about significant changes in ownership structures of listed companies.

Investors and market participants are advised to consider this information as part of their overall assessment of the company, while also factoring in other relevant financial and operational aspects before making any investment decisions.