Sheetal Cool Products Limited has officially entered into a business agreement with Neopolitan Pizza and Foods Limited, under which Sheetal Cool Products will supply its products to the pizza chain. The company informed the exchanges about this development through an official filing in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the disclosure, the agreement aims to enhance the distribution network of Sheetal Cool Products, allowing it to expand its market reach through Neopolitan Pizza and Foods Limited’s outlets. The memorandum of understanding (MoU) outlines the supply terms, though specific financial details were not disclosed.
The company clarified that this agreement does not involve any changes in management or control and does not impose any liabilities or restrictions on Sheetal Cool Products. Additionally, there is no related-party involvement in the transaction, and the agreement has been executed on an arm’s length basis.
This collaboration is expected to strengthen Sheetal Cool Products’ position in the food and beverage sector, leveraging Neopolitan Pizza’s growing presence in the market. Investors will now closely monitor how this partnership impacts the company’s revenue and expansion strategy in the upcoming quarters.
