Novateor Research Laboratories soars on entering into supply agreement with Pidilite
Novateor Research Laboratories is currently trading at Rs. 39.00, up by 1.50 points or 4.00% from its previous closing of Rs. 37.50 on the BSE.
The scrip opened at Rs. 30.00 and has touched a high and low of Rs. 39.00 and Rs. 30.00 respectively. So far 6000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 39.00 on 16-Sep-2026 and a 52 week low of Rs. 20.08 on 09-Dec-2025.
Last one week high and low of the scrip stood at Rs. 39.00 and Rs. 37.50 respectively. The current market cap of the company is Rs. 18.16 crore.
The promoters holding in the company stood at 50.75%, while non-institutions held 49.25% stake in the company.
Novateor Research Laboratories has entered into a supply agreement with Pidilite Industries. Under the terms of the agreement, the company has been engaged on an exclusive basis for the development, manufacture, packing and supply of certain products incorporating an enzyme-based formulation, in accordance with the specifications, quality standards and requirements prescribed by Pidilite Industries.
The products covered under the agreement include Aligner Cleaning Foam and Tooth Brightening Strips, which will be marketed under the brand name determined by Pidilite Industries. The agreement provides for an exclusive manufacturing and supply arrangement, with the products to be supplied exclusively to Pidilite Industries in accordance with the terms of the agreement and the purchase orders issued from time to time.
The agreement is valid for a period of three years from October 15, 2026, unless terminated earlier in accordance with its terms, and may be renewed for such further periods as may be mutually agreed upon in writing. The pricing and payment terms shall be mutually agreed upon in writing and specified in the relevant purchase orders from time to time.
