Colgate Palmolive (India) announced that the Board of Directors of the company at their meeting held on August 8, 2016 has approved the renewal of royalty agreement, effective August 1, 2016 for a period of 5 years with its holding company Colgate-Palmolive Company, USA. The renewal of said Agreement is substantially on the same terms and conditions as that of the previous one and consequently a royalty will be paid to the holding company for usage of its Know-How and Intellectual Property. The previous Agreement was expired on July 31, 2016.