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| Exchange Received Time 21/05/2019 10:26:13 Exchange Disseminated Time 21/05/2019 10:26:20 Time Taken 00:00:07 | Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to the above mentioned subject, we hereby inform the Exchanges that,
Palred Technologies Limited owns and sells two brands of mobile, electronics and computer accessories (PTron & Xmate) through its subsidiaries.
Palred Technology Services Pvt Ltd, has signed an agreement to sell the Xmate brand of products on Amazon India. Amazon has approved 45 different products / stock keeping units (SKUs) under this agreement. Palred Technology Services Pvt Ltd would be selling Xmate brand of products only on Amazon India.
Palred Electronics Pvt Ltd will continue to own and sell its brand of PTron products on various online channels in India - Amazon, Flipkart, Snapdeal, LatestOne.com etc and offline general trade & modern trade outlets through the established network of distributors across the country.
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