In a significant move aimed at expanding its product portfolio, Indo Farm Equipment Limited has signed a crucial technology purchase agreement with Beida Commercial and Trade Company. The agreement, entered on April 21, 2025, is set to provide Indo Farm with the necessary technology for the manufacturing of tower cranes. This collaboration allows the company to tap into the lucrative construction machinery market, particularly the tower crane segment, without having to develop the technology from scratch.

Under the terms of the agreement, Indo Farm will receive comprehensive technical knowledge, including drawings, technical documents, and manufacturing processes essential for the production, assembly, and operation of tower cranes. This international agreement with Beida Commercial and Trade Company eliminates the need for extensive R&D investments and reduces time-to-market for Indo Farm in the construction machinery sector.

Details of the Agreement:

The deal with Beida Commercial and Trade Company includes a wide range of technical data transfer, including electrical and hydraulic schematics, as well as quality assurance documents. Additionally, the agreement covers the transfer of license and rights to design, manufacture, use, and sell the tower cranes in the domestic and international markets.

As per the agreement, Indo Farm will pay a lumpsum fee to Beida Commercial and Trade Company for the transfer of the technical information and associated training. The agreement also ensures that Beida Commercial will provide ongoing technical support, including training and consultation services, to aid Indo Farm in building in-house technical capabilities for manufacturing and servicing tower cranes.

This collaboration offers several strategic benefits for Indo Farm:

• It saves substantial R&D costs and resources that would otherwise be required to develop similar machinery independently.

• Indo Farm gains access to a ready-made design and proven manufacturing processes, facilitating quicker market entry.

• The agreement ensures technical support and training, which will help Indo Farm establish its in-house technical capabilities for the manufacturing of tower cranes, ultimately contributing to the company’s long-term growth strategy.

No Related Party Transactions:

Importantly, the transaction does not fall under related party transactions as the seller, Beida Commercial and Trade Company, is not associated with Indo Farm's promoter group or its group companies. This ensures the transparency and independence of the deal.

Rationale and Expected Benefits:

This acquisition of technology allows Indo Farm to quickly enter the construction machinery market, an industry with strong growth prospects, by leveraging proven and established technologies. Instead of investing time and resources in developing tower crane technology, Indo Farm can now focus on scaling its production and achieving operational efficiency. This agreement also ensures cost savings in the form of training, consultation, and technical support from the Beida Commercial and Trade Company, further enhancing the company’s in-house capabilities.

By entering this collaboration, Indo Farm Equipment enhances its competitive edge in the machinery manufacturing sector and positions itself as a serious player in the growing demand for construction machinery, particularly tower cranes.

The full details of this agreement are available on Indo Farm’s official website at www.indofarm.in for stakeholders and investors seeking more information.

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