Suditi Industries gets license to use NBA marks on apparel

Mumbai-based Suditi Industries has entered into a Retail Product License agreement with the US-based NBA Properties, Inc for commercial use of the logos, symbols, designations, emblems, colour, combinations, design and all such identifications, labels, insignia, indicia, or trade dress thereof, collectively called NBA marks of the NBA and its member teams.

“Pursuant to provisions of Regulation 30 read with Schedule III of SEBI (Listing Options and Disclosure Requirements) Regulations, 2015, we hereby inform you that the company has executed the Retail Product License agreement with NBA Properties, Inc. US, for commercial use of the logos, symbols, designations, emblems, colour, combinations, design and all such identifications, labels, insignia, indicia, or trade dress thereof, collectively called NBA marks of the National Basket Ball Association (NBA) USA and its member teams,” Suditi said in a filing with the Bombay Stock Exchange.

“Accordingly, the company is entitled to use the logos/emblems/symbols as referred above of the NBA on the apparels/garments manufactured by the company. The company can manufacture apparels/garments as stated above and sell them in the domestic market (Indian Market),” the filing added.

The contract is valid up to December 31, 2023.

Suditi Industries Limited (Formerly Suditi Hosiery Processors Limited) was founded in 1991 as a processing plant.

Over the years the company has grown in both size and scale with a set up that includes knitting, dyeing, printing, finishing and garmenting departments.