We have attached herewith intimation regarding Lease Agreement executed with M/s Walhekar Infra Pvt. Ltd. and Mr. Shekhar Dnyanoba Walhekar. Kindly take the same on your record. Thank you.
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Awaiting price reaction for this filing.
Jay Kailash Namkeen has signed an 8-year lease with Walhekar Infra Pvt. Ltd and Mr. Shekhar Dnyanoba Walhekar to set up a new manufacturing unit in Pune (Nanded Phata, Dhayari area), spanning about 20,000 sq. ft. The unit will be used to manufacture namkeen and food products, expanding the company's operations beyond its existing Rajkot facility. Monthly rent is Rs. 1,32,000, taking total lease commitment to roughly Rs. 1.27 crore over the 8-year term. The transaction is not a related party deal and promoters have no interest in the counterparty.
This signals the company's first major geographic expansion into Maharashtra, which could support future revenue growth and operational efficiencies. Short-term stock reaction is likely to be positive but limited unless the company later discloses substantial capex on machinery and equipment for the new unit.