Intimation pursuant to the Regulation 30 (4) of SEBI (LODR) Regulations, read with Schedule III part B- regarding execution of Leave and License agreements executed today.
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G. G. Dandekar Properties Ltd has executed Leave and License agreements on May 4, 2026 for commercial premises located on the 4th floor of the Suma Center building in Pune city, admeasuring 10,000 sq. ft. The agreement has a 5-year term commencing July 1, 2026. The annual license fees will be approximately 39% of the company's total Annual Consolidated turnover as per the latest audited financials, making this a highly material transaction for the company.
This agreement represents a substantial revenue stream, generating license fees equivalent to nearly 40% of annual turnover, which could positively impact the company's earnings and cash flows over the 5-year term.