VANCOUVER, BC and KIBBUTZ YIFAT, Israel, Feb. 28, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE:BOIL) (OTCQB:BEOLF) (Frankfurt: UH9) (“Beyond Oil” or the “Company”), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability, is pleased to announce that it has signed a distribution agreement (the “Agreement”) with Deep Frying Solutions Pvt Ltd, a newly formed company based in Gujarat, India (the “Distributor”).
Under the agreement, the distributor will market, distribute, and sell Beyond Oil’s proprietary oil filtration solution to restaurants across India. The agreement includes an initial order of one full 6T container and establishes a structured purchasing plan, with a minimum commitment of four 40-foot containers in the first year. Over the five-year term, the agreement outlines minimum cumulative purchase commitments of 57 containers, representing a total contract value of approximately $9.58 million USD.*
Beyond Oil’s entry into India represents a significant milestone in its ongoing expansion efforts, leveraging the distributor’s local market expertise to introduce its innovative product to restaurants, hotels, catering services, and institutional food providers. The distributor has committed to conducting structured market outreach, including wholesaler engagement, training programs, and in-market product demonstrations. As part of the agreement, the distributor has received certification from Beyond Oil following completion of a structured training program in Atlanta, USA.
Mitul Kakadiya, Director of Deep Frying Solutions Pvt Ltd said: “India is a land of diverse cultures, lifestyles, and, most importantly, flavors. Frying has been a key part of our culinary traditions for generations. When we first heard about Beyond Oil, it was unreal for us. Since then, we have been researching the product comprehensively and the results it produces are impressive. India is one of the largest markets in the world and we are excited to collaborate with Beyond Oil to provide sustainable, efficient and healthier solutions to such a significant market.” Kakadiya, who leads Deep Frying Solutions Pvt Ltd, has a vast history in the food industry. Kakadiya was the youngest Subway franchise owner in Canada, which quickly expanded to six locations. Kakadiya’s business experience includes a diversified portfolio and association with restaurants, pharmaceuticals, real estate, and food processing, including earning a Michelin Star for ‘Bib Gourmand’, a vegan restaurant in …
