Harshdeep Hortico signs LOI for approx ₹12 Crore supply with Ugaoo Agritech
ORDERS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 01 Jun 2026, 06:04 PM IST · BSE ID: 1f9848f0-73e9-4b24-b495-43817794ae2e
View Original BSE Filing (PDF)
💡
In Simple Terms
Harshdeep Hortico has an initial agreement to potentially supply flowers and pots to another company next year worth about ₹12 Crore.
🤖 AI Summary
- Harshdeep Hortico signed an LOI with Ugaoo Agritech for FY 2026-27.
- The agreement proposes supply of flowers and pots/planters.
- Indicative aggregate value for the arrangement is approximately ₹12 Crore.
- A definitive supply agreement with commercial terms is yet to be executed.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Indicative Aggregate Value
₹12 Crore
🏢 How This Affects the Company
The LOI indicates potential for new business and strengthens the company's position in the horticulture segment by proposing a significant supply arrangement.
Actual revenues will materialize upon issuance of purchase orders and fulfillment of agreed terms, contributing to FY 2026-27 revenue.
The company may need to scale production and logistics to meet potential future orders from Ugaoo Agritech.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. This is an informational disclosure.
👤
Who Is Affected
All shareholders are informed of a potential future business arrangement that may impact the company's revenue in FY 2026-27.
🔍
Management Signal
Management is actively pursuing growth opportunities and strengthening market presence in the horticulture sector.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Execution of definitive supply agreement and purchase orders.
First order placement details from Ugaoo Agritech.
FY27 financial results to reflect actual revenue from this arrangement.
MEDIUM RISK
LOI is non-binding; actual revenue depends on future orders and terms.
💡 Investor Takeaway
Harshdeep Hortico entered a non-binding LOI with Ugaoo Agritech Private Limited for proposed supply of flowers and pots/planters, with an indicative aggregate value of approximately ₹12 Crore during FY 2026-27.
⚖️ Strengths & Concerns
✅ Positives
- Indicative aggregate value of approximately ₹12 Crore for FY 2026-27 from Ugaoo Agritech.
- Demonstrates continued market confidence in Harshdeep Hortico's product offerings.
📅 Company Track Record
Previously, in April 2026, Harshdeep Hortico secured a domestic flower pot order of Rs. 50,74,002/- from Lucknow International Airport.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the approximate value of the LOI signed by Harshdeep Hortico?
The Letter of Intent with Ugaoo Agritech Private Limited has an indicative aggregate value of approximately ₹12 Crore for Financial Year 2026-27.
Who is the counterparty to the LOI signed by Harshdeep Hortico?
The counterparty is Ugaoo Agritech Private Limited, a player in the gardening and horticulture sector.
What products will Harshdeep Hortico supply under the LOI?
Under the LOI, Harshdeep Hortico proposes to supply flowers and pots/planters to Ugaoo Agritech Private Limited.
Is the LOI signed by Harshdeep Hortico legally binding?
The LOI is primarily non-binding, except for customary provisions related to confidentiality, governing law, and dispute resolution.
Questions based on this BSE filing only. For information purposes.