Jay Kailash Namkeen Signs 8-Year Lease for New Pune Manufacturing Unit
Jay Kailash Namkeen Limited has signed an 8-year lease agreement for a new 20,000 square feet manufacturing facility in Pune. The monthly rent is ₹1.32 lakh for the unit located at Survey No. 165, Canal Road, Sinhagad Road, Nanded Phata, Village-Dhayari, Tal-Haveli, Dist-Pune-411608. This expansion is part of the company's growth strategy to enhance its manufacturing capabilities beyond its existing Gujarat factory. The agreement is not a related party transaction and complies with SEBI regulations.
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Jay Kailash Namkeen Limited has announced the execution of a lease agreement to establish a new manufacturing facility in Pune, marking a significant step in the company's expansion strategy. The agreement, disclosed under Regulation 30 of SEBI LODR, involves an 8-year lease with a monthly rent of ₹1.32 lakh (₹132,000) for the new unit.
Lease Agreement Details
The company has entered into the lease agreement with M/s Walhekar Infra Pvt. Ltd and Mr. Shekhar Dnyanobarao Walhekar for establishing a manufacturing unit in Pune. The facility will be dedicated to manufacturing namkeen and food products, aligning with Jay Kailash Namkeen's core business operations.
| Parameter | Details |
|---|---|
| Lease Duration | 8 years |
| Monthly Rent | ₹1.32 lakh (₹132,000) |
| Facility Size | 20,000 square feet |
| Land Area | 00H.82.00 Ares |
| Location | Survey No. 165, Canal Road, Sinhagad Road |
| Address | Nanded Phata, Village-Dhayari, Tal-Haveli, Dist-Pune-411608 |
Strategic Expansion Initiative
The lease agreement supports Jay Kailash Namkeen Limited's expansion and growth plans, enabling the development of a new manufacturing unit. The company expressed confidence that this expansion will significantly contribute to its business operations and provide enhanced operational efficiencies.
The new Pune facility represents the company's strategic move to expand its manufacturing footprint beyond its existing factory located at Survey No. 168/5, Kuvadava Road, Magharvada, Rajkot-360023, Gujarat.
Regulatory Compliance
The company has confirmed that this lease agreement does not constitute a related party transaction. The disclosure was made in compliance with Regulation 30 of SEBI LODR, read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Future Developments
Jay Kailash Namkeen Limited has committed to keeping stakeholders informed about further developments and progress related to the new manufacturing unit. The company anticipates that this expansion will strengthen its market position in the namkeen and food products segment while improving operational capabilities.
Historical Stock Returns for Jay Kailash Namkeen
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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