Step-down subsidiary signs Vendor Exclusivity Undertaking with Danube Home LLC, Dubai

IKIO Technologies' step-down subsidiary Royalux FZCO, UAE has entered into a Vendor Exclusivity Undertaking with Danube Home LLC, Dubai.

Thu 8 Oct 2026

Target Business Value

AED 2,000,000

Agreement Tenure

one (1) year from the date of the Undertaking

Exclusivity Period

12 months

What was disclosed

Royalux FZCO, UAE, a step-down subsidiary of the company, has entered into a Vendor Exclusivity Undertaking with Danube Home LLC, which has its principal place of business at Jebel Ali Free Zone, Dubai, United Arab Emirates. The parties are Royalux FZCO, Dubai, UAE and Danube Home LLC, Dubai, UAE, and the Undertaking was executed on 7 October 2026.

Under the terms of the Undertaking, Royalux FZCO shall provide services relating to installation, fit-out, landscaping, decor, and other allied products, works and services, as mutually agreed between the parties from time to time. "Project Work" covers installation, fit-out, landscaping, decor and any related products, works or services of the kind offered by the vendor in connection with a client or its project.

Key terms at a glance

• Tenure: one (1) year from the date of the Undertaking.
• Business target: the Danube Home LLC and Royalux FZCO intend to work towards achieving a target business value of AED 2,000,000 (Two Million UAE Dirhams) during the one-year term.
• Exclusivity: Royalux FZCO shall not bypass, compete with or exclude Danube Home LLC in relation to clients, opportunities or information obtained through it. During the exclusivity period of 12 months, Royalux FZCO shall not solicit or accept project work directly from a client first introduced or disclosed by Danube Home LLC, except through or with prior written approval of Danube Home LLC.
• Assignment: Royalux FZCO shall not assign, delegate or subcontract any right or obligation without Danube's prior written approval.
• Responsibility: Royalux FZCO is responsible for compliance by its owners, affiliates, personnel, agents and subcontractors with the Undertaking.
• Governing law: the federal laws of UAE and the laws applicable in the Emirate of Dubai.

How the money figure should be read

The company states that the AED 2,000,000 amount represents a business target and does not constitute a fixed or guaranteed contractual consideration. So it is the value the two parties intend to work towards over the term, rather than a confirmed order or assured revenue.

Other points from the disclosure

• Royalux FZCO gives the Undertaking in favour of Danube Home LLC considering Royalux FZCO for project-related opportunities introduced or disclosed by Danube Home LLC, and acknowledges that customer relationships, project information and commercial contacts are valuable business assets.
• The step-down subsidiary holds no shareholding in the entity with which the agreement is executed.
• The parties are not related to the promoter, promoter group or group companies in any manner.

What this means in simple words

This is an exchange disclosure of a business arrangement involving a step-down subsidiary and a Dubai-based partner. On one side, the arrangement names a business target of AED 2,000,000 over a defined one-year window, which gives a sense of scale. On the other, the Undertaking places exclusivity conditions on how the subsidiary may deal with the clients and opportunities it receives through Danube Home LLC, and the target value is expressly not a guaranteed amount.

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