Announced Thu, 2 Jul · 15:46 IST
Leave and license agreement with promoter for office space
Business Updates View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹34.22
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.2+0.8+1.3+1.7+0.8+1.3+5.2———
Up moveDown movePending
AI summary
Board approved an 11-month leave and license agreement with promoter Mrs. Rekha R Bhimjyani (holding 24.38 percent) for the company's registered office at Nariman Point, Mumbai. Monthly license fee is Rs 15,000 plus taxes, effective July 2, 2026. It is a related party transaction carried out at arm's length based on market rates, with no special rights on management, capital, or shareholding.
Likely market impact
No material impact; routine related party office lease at arm's length, very small value relative to the company.