Maxwell Industries, a part of VIP Group of Companies has informed that the board of directors of the Company has approved the license agreement with Eminence, a corporation, registered under the laws of Republic of France.

The latest pact will provide the right to Maxwell Industries for manufacturing, distributing and selling the men's & women's Innerwear, Pijamas and socks under the Brand name Eminence.

Maxwell Industries Limited manufactures and sells textile products in India. Its products include combed, auto leveled, and auto coned yarns for high speed knitting and weaving machines. The company also offers combed hosiery cotton yarn and weaving/hosiery cotton yarn.

Ahead of positive announcement, the scrip of the company today closed at Rs 15 on BSE, up 2% compared to its previous close.