Franchise Development & Recruitment Services Agreement Signed for Eye Hospital Expansion
Franchise Development Program, Representation & Recruitment Services Agreement signed with Franchise India Brands Limited, effective October 14, 2026.
By ScoutQuest · · 2 min read
- Agreement Size
- INR 30 lakh (Indian Rupees Thirty Lakhs Only)
- Term
- 24 months from the effective date
- Effective Date
- October 14, 2026
What the company informed
Abate As Industries Limited has entered into a Franchise Development Program, Representation & Recruitment Services Agreement with Franchise India Brands Limited. The agreement is effective from October 14, 2026.
What the agreement covers
- Development of franchise systems and franchise documentation
- Lead generation
- Representation and recruitment of franchise partners
- Expansion of ABATE Eye Hospital across India under the brand name "ABATE EYE HOSPITAL" through the franchise model
The key terms on record
- Size of agreement: INR 30 lakh (Indian Rupees Thirty Lakhs Only)
- Term: 24 months from the effective date
- Commercial structure: fixed consultancy fees and success-based fees linked to franchise acquisitions
- Company's shareholding in Franchise India Brands Limited: NIL
- The parties are not related to the promoter, promoter group or group companies in any manner, and the transaction is not a related party transaction
How to read this
This is a services and franchise-development arrangement. The counterparty is engaged to help build a franchise network for the company's eye hospital business. The company pays a fixed consultancy fee plus success-based fees that are tied to franchise acquisitions. The arrangement runs for a 24-month period starting from the effective date.
The disclosure identifies the counterparty, the purpose of the agreement, the size of the commitment and the tenure. It also states that there is no shareholding link between the company and Franchise India Brands Limited, and that the transaction is not a related party transaction.
What an investor can weigh
- The stated size of the agreement is INR 30 lakh, so the committed amount is a defined figure.
- The success-based component means part of the payout depends on how many franchise partners are actually recruited.
- The term of the agreement is 24 months from the effective date, which is the window in which the franchise expansion is intended to be worked on.
- The brand under which the expansion is proposed is "ABATE EYE HOSPITAL", spread across India through the franchise model.
More numbers
- Size of agreementINR 30,00,000/-
- Term of agreement24 months
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