Aether Industries renews long-term agreement for two products; Stock jumps 1.5%

31 Oct 2022 , 01:06 PM

Aether Industries Limited has informed to the exchanges that it has renewed a long-term agreement for 2 products being supplied to a leading global agrochemical innovator customer, post 3 years of successful supply under the Exclusive / Contract Manufacturing business model.

The renewal is as per the clause of automatic renewal every year, post completion of the original contract duration of 3 years, agreed upon by the Parties in the long-term agreement signed 3 years ago, the company said.

At around 1:09 PM, Aether Industries was trading at Rs973.10 per share higher by 1.51% as against previous closing of Rs958.60 per share on the BSE.

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