Sheel Biotech Signs ICAR-CISH MoU; Shares Rise 0.12%

Mumbai, May 21: Sheel Biotech Ltd formalised a Memorandum of Understanding with the Indian Council of Agricultural Research – Central Institute for Subtropical Horticulture (ICAR-CISH), Lucknow, under the “Fruit Horizon” programme, according to an exchange disclosure.

The company stated that the MoU was formally executed and delivered on Thursday, following completion of procedural formalities and official exchange between the parties.

According to the filing, the agreement focuses on technology commercialisation and collaboration in fruit innovation and horticulture biotechnology initiatives.

The ceremony was attended by Union Agriculture Minister Shivraj Singh Chouhan, state ministers associated with agriculture and horticulture, senior ICAR officials and representatives from CISH Lucknow.

The company added that the MoU presentation relating to technology commercialisation was delivered by Dr. Anju Bajpai, Principal Scientist and Head, Division of Crop Improvement and Biotechnology.

Stock Market Snapshot

Sheel Biotech shares traded slightly higher following the disclosure of the collaboration agreement. As of 10:39 am IST on May 21, 2026, the stock was trading at ₹43.00, up 0.12% from the previous close, according to market data.

The Sheel Biotech share price remained largely range-bound during early trade as investors assessed the long-term strategic implications of the partnership in the horticulture biotechnology segment.

The stock touched a session high of ₹43.00 during the trading session, while market participants monitored developments linked to research commercialisation opportunities under the Fruit Horizon programme.

Partnership Focuses On Fruit Innovation And Biotechnology

Sheel Biotech operates in the agricultural biotechnology and horticulture segment with focus on crop improvement, plant tissue culture and fruit innovation technologies.

The company stated that the collaboration with ICAR-CISH is expected to strengthen its strategic positioning in the fruit innovation ecosystem and support long-term growth opportunities.

The partnership is also expected to facilitate research-driven commercial applications in subtropical horticulture and biotechnology-linked agricultural development.

Collaboration Expected To Support Long-Term Growth

According to the company, the MoU aligns with its broader strategy of expanding innovation-led agricultural biotechnology initiatives.

The collaboration with ICAR-CISH Lucknow may support future product development, technology transfer and commercialisation opportunities within the horticulture sector.

Further updates relating to the partnership are expected to be disclosed in accordance with applicable listing regulations and exchange requirements.

Source:

• https://www.nseindia.com/get-quote/equity/SHEEL/Sheel-Biotech-Limited
• https://nsearchives.nseindia.com/corporate/SHEELBIOTECH_20052026170718_Announcement_ICAR_-_v2.pdf