Gee Limited has informed the exchange that it has entered into a Development Agreement dated 24th November, 2025 for the transfer of development rights of its leasehold land situated at ....
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GEE Limited has signed a Development Agreement on 24th November 2025 with Fen-kin Infinity LLP to commercially develop its leasehold land at Wagle Industrial Estate, Thane, spanning 13,391 sq. metres. The company will receive approximately 2.9 lakh sq. ft. of RERA-registered constructed area as its share, with a projected revenue potential of over Rs 400 crore over the project's lifecycle. The land is earmarked for a modern commercial development, while GEE's existing manufacturing operations at the site will be relocated to its Bhiwandi-Kalyan facility. GEE continues to operate as a leading manufacturer of welding consumables with facilities in Maharashtra and West Bengal.
This move unlocks significant value from an idle or underutilised land asset and could substantially boost long-term earnings for shareholders. The Rs 400 crore revenue potential, if realised, would be material relative to GEE's scale and could positively impact the stock price in the near term.