Intimation Under Regulation 30 of the SEBI (LODR), 2015- Execution of Lease Deed
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Artificial Electronics Intelligent Material Ltd (formerly Datasoft Application Software India Limited) has executed a 3-year Lease Deed with M/s. Volumnus Developers Private Limited for 67,005 square feet of space at Green Base Industrial & Logistics Park, Oragadam, Chengalpattu District, Tamil Nadu. The company had signed a Term Sheet for this property on 24th July 2025. The leased space will be used to set up a new manufacturing facility, marking a key step in the company's operational expansion plans.
This lease sets up a new manufacturing facility for the company, which could support future revenue growth and operational scale. For shareholders, it signals management is actively pursuing expansion, though no financial details of the lease cost or production timelines have been disclosed.