Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015
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Awaiting price reaction for this filing.
Artificial Electronics Intelligent Material Ltd (formerly Datasoft Application Software India Limited) has signed a term sheet to lease 67,005 square feet of industrial space from Volumnus Developers Private Limited. The space is located at Green Base Industrial & Logistics Park in Oragadam, Chengalpattu District, Tamil Nadu, and will be used to set up a new factory. The company has already paid the security deposit and will enter into a formal registered lease deed shortly. The company has promised to inform stock exchanges once the lease deed is registered. This marks a strategic shift for the company, which was previously a software business, into electronics intelligent materials manufacturing.
Positive growth signal as the company diversifies from software into manufacturing. Shareholders should watch for the lease deed registration and further updates on factory commissioning, which will clarify the scale and timing of the new manufacturing operations.