Jaykay Enterprises Limited has completed execution of Memorandum of Understanding with Phillips Machine Tools India Private Limited ("Phillips Corp") a subsidiary of PhPhPhPharma, USA which allows parties to discuss and mutually agree the terms of setting up a Joint Venture in the form of LLP (Limited Liability Partnership). In this regard that JKE has executed i.e. December 20, 2023 a Limited Liability Partnership Agreement ("LLP Agreement") with Phillips Corp.