1. City Centre Shopping Mall Rental Income 15 % Increment were take place from 01.04.2025. 2. In April Month Construction work on all sites are going on at full swing all the set targets ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company shared a monthly update covering several areas. At its City Centre Shopping Mall in Guwahati (~4.5 lakh sq ft, largest in Northeast India, 150+ brands), a contractual 15% rental increment took effect from April 1, 2025, which should boost rental income. Construction work across all project sites is progressing at full swing with April 2025 targets said to be achievable. The company has 5-6 tenders in the pipeline from government and private sources, with bids expected to open in 3-4 weeks. Q4 FY25 audited results are likely to be announced in the third week of May 2025. All lender obligations (interest and principal) have been met on time. An arbitration award in the Aila Package case was received in the company's favour, and the award amount has been deposited with the court, with efforts on to retrieve the funds.
Positive for shareholders — rental income step-up from the mall and a favourable arbitration award strengthen revenue visibility, while timely debt servicing reflects financial discipline. Near-term stock movement will depend on Q4 results and new tender wins expected over the next month.