Davin Sons Retail Limited has entered into a Memorandum of Understanding (MOU) with Jalandhar Leather (India) Limited for a commercial rent arrangement, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agreement Details

The MOU establishes a commercial rent arrangement between the two parties, with specific roles and responsibilities clearly defined.

Transaction Framework

The MOU serves as a preliminary agreement that outlines the broad terms and conditions for the proposed commercial arrangement. The document establishes the foundation for future negotiations and is subject to the execution of a detailed definitive agreement between both parties.

The retail premises is strategically located in Model Town, Jalandhar, which could provide Davin Sons Retail Limited with access to a commercial area for its business operations.

Business Impact

According to the company's disclosure, this commercial rent arrangement falls within the ordinary course of business operations. The management expects this arrangement to support the company's operational requirements, indicating its alignment with the company's business strategy and expansion plans.

The disclosure was signed by Mohit Arora, Managing Director (DIN: 07231072), ensuring proper corporate governance and compliance with regulatory requirements. The company has requested the stock exchange to take this information on record as part of its transparency obligations to stakeholders.

Davin Sons Retail Limited has expanded its retail footprint with the opening of a new store under its trademark 'Houz of Tags' in Gurugram, Haryana. The company made this disclosure on 23rd February, 2026, in compliance with regulatory requirements.

Store Launch Details

The new outlet has been established at S.C.O No. 2, Sector 31, Huda Market Gurugram-122001, Haryana. The announcement was made by Managing Director Mohit Arora (DIN: 07231072) through a formal disclosure to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Store Concept and Offerings

The Houz of Tags outlet operates as a multi-brand factory outlet serving diverse customer segments. The store features dedicated sections for mens, womens, and kids apparel, positioning itself as a comprehensive family shopping destination. The retail space also includes accessories and toys, expanding beyond traditional clothing offerings.

Product Categories

• Mens Section: Features organized displays of dress shirts in various colors including dark blue, maroon, green, white, and beige
• Womens Section: Showcases dresses in multiple styles including black lace, striped patterns, and floral designs
• Kids Section: Dedicated area for children's apparel
• Accessories: Includes sunglasses display with various styles and colors
• Additional Items: Toys section for enhanced family appeal

Store Design and Layout

The new outlet features a modern retail design with well-organized product displays. The store entrance is prominently decorated and includes clear branding with the Houz of Tags logo featuring a stylized 'HT' monogram within a circular frame. The interior layout includes wooden shelving units with proper lighting systems to enhance product visibility and customer shopping experience.

Regulatory Compliance

The store opening disclosure was made in accordance with SEBI regulations, demonstrating the company's commitment to maintaining transparency with stakeholders and regulatory compliance. The formal announcement ensures that investors and market participants are informed about the company's expansion activities and business developments.