We hereby inform that the Company has executed leave and license agreement with related parties on 13th February, 2026.
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Cryogenic OGS Ltd has signed a 30-year Leave and License Agreement effective 1st February 2026 with its promoters/directors — Mrs. Kiranben Patel, Mr. Nilesh Patel and Mr. Dhairya Patel — to lease approximately 3,52,776 sq. ft. of land at Navi Jithardi, Vadodara, Gujarat. The lease is intended to secure long-term land for the company's commercial operations and expansion. Annual occupation charges are around ₹23.6 lakh with an 8% yearly escalation, and the deal has been confirmed as a related party transaction conducted at arm's length.
No material impact on shareholders or stock price is expected — the lease supports business expansion, is at arm's length with related-party promoters, and the annual cost (approx. ₹23.6 lakh) is modest relative to operations.