Cryogenic OGS Limited has entered into a significant lease agreement to secure long-term premises for its commercial operations and expansion plans. The company executed a lease and license agreement on 13th February, 2026 for premises located at Navi Jithardi, Taluka Karjan, District Vadodara, Gujarat.

Lease Agreement Details

The lease arrangement spans 30 years and is effective from 1st February, 2026. The agreement covers substantial land area and involves multiple promoters of the company as lessors.

Counterparties and Shareholding

The lease agreement is with three co-owners who are also promoters and directors of Cryogenic OGS Limited. This arrangement represents a related party transaction conducted on an arm's length basis in the ordinary course of business.

Financial Implications

The agreement establishes a long-term financial commitment for the company with built-in escalation provisions. The annual occupation charges will increase by 8% each year over the 30-year tenure, providing predictable cost escalation for budgeting purposes.

Strategic Purpose

The company has entered into this lease arrangement to secure long-term land usage for commercial operations and expansion activities. The 30-year lock-in period provides operational stability and supports the company's growth plans in the Gujarat region.

Regulatory Compliance

The transaction has been disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The agreement does not result in any change in management or control of the company, maintaining existing governance structures while securing operational premises for future growth.

Cryogenic ogs Limited has secured a significant business development milestone by receiving enlistment approval from Engineers India Limited (EIL), a Government of India undertaking. The approval, disclosed under Regulation 30 of the SEBI Listing Regulations on January 29, 2026, recognizes the company as an approved vendor for the piping spools category.

Vendor Approval Details

The enlistment approval provides Cryogenic OGS Limited with access to participate in tenders and business opportunities floated by EIL, as well as projects executed by the government undertaking. This recognition positions the company to engage more effectively with public sector and institutional customers in the piping spools segment.

Business Impact and Opportunities

The approval is expected to enhance the company's engagement with public sector and institutional customers while supporting its business development efforts in the piping spools category. The enlistment enables Cryogenic OGS Limited to participate in various tender processes and project opportunities managed by EIL.

The multi-year validity of the approval, extending until January 31st, 2029, provides the company with a stable platform to pursue business opportunities with this government undertaking over the next few years.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also made the information available on its official website to ensure transparency and compliance with regulatory requirements.

This vendor approval represents a strategic advancement for Cryogenic OGS Limited in expanding its presence within the public sector market segment, particularly in piping spools applications.