Jay Ambe Supermarkets Limited has entered into a sub-lease agreement with Shopxperia Lifestyle Private Limited on January 22, 2026, marking a strategic move to expand its hypermarket business operations. The company formally notified BSE Limited about this development on January 23, 2026, in compliance with regulatory disclosure requirements.

Agreement Details

The sub-lease agreement enables Jay Ambe Supermarkets to operate its hypermarket business from the property obtained from Shopxperia Lifestyle Private Limited. The company has confirmed that this transaction does not constitute a related party transaction, ensuring arm's length dealing.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jay Ambe Supermarkets has provided comprehensive details as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The company has confirmed that Shopxperia Lifestyle Private Limited is not related to the promoter, promoter group, or any key managerial personnel of Jay Ambe Supermarkets Limited. This ensures the transaction maintains independence and follows proper corporate governance practices.

Business Impact

The sub-lease agreement supports Jay Ambe Supermarkets' retail expansion strategy by providing additional space for hypermarket operations. The company operates under the City Square Mart brand, positioning itself as a value-for-money retail destination.

The agreement includes standard terms and conditions for property sub-lease arrangements, with no significant restrictions or liabilities imposed on the listed entity. The transaction does not involve any share issuance or impact on the company's management structure.

Company Information

Jay Ambe Supermarkets Limited, incorporated in 2020, operates from its registered office in Gandhinagar, Gujarat. The company is listed on BSE Limited under scrip code 544514 and maintains its retail operations under the City Square Mart brand.

Jay Ambe Supermarkets Limited (BSE: 544514) has announced strong financial results for the first half of the fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

*As of March 2025

The company's revenue from operations saw a substantial increase of 67.7% year-over-year, rising to ₹3,056.44 crore in H1 FY2026 from ₹1,822.64 crore in the corresponding period last year. This growth underscores the company's expanding market presence and effective operational strategies.

Jay Ambe Supermarkets reported a net profit of ₹756.60 crore for the half-year, translating to an earnings per share (EPS) of ₹6.44. The company's financial position has strengthened considerably, with total equity reaching ₹3,126.69 crore, up from ₹1,357.06 crore as of March 2025, representing a 130.4% increase.

Corporate Governance and Compliance

In line with regulatory requirements, Jay Ambe Supermarkets Limited has confirmed its compliance with SEBI regulations. The company, being listed on the SME Platform of BSE, is exempt from certain disclosure requirements as per Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Utilization of IPO Proceeds

The company has provided an update on the utilization of its IPO proceeds:

The company has fully utilized the allocated funds for working capital requirements and has made significant progress in purchasing its existing store. However, the majority of funds allocated for new store fit-outs and general corporate purposes remain unutilized, indicating potential for future expansion and growth initiatives.

Jay Ambe Supermarkets' strong financial performance and strategic use of IPO proceeds suggest a positive outlook for the company's growth trajectory in the Indian retail sector.