Pursuant to Regulation 30 of the SEBI ( Listing Obligation and Disclosure Requirements) Regulations, 2015, We wish to inform the exchange that he company has been awarded letter of award ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jungle Camps India has received a Letter of Award from the Uttarakhand Tourism Development Board (UTDB) to operate, maintain and manage a Tourist Rest House at Devprayag in Tehri Garhwal, Uttarakhand. The annual license fee the company will pay to UTDB is Rs. 28.22 lakh (excluding 18% GST), with a 3% annual escalation. The contract is for 10 years, extendable by up to 5 more years in one-year chunks, subject to satisfactory performance reviewed at least yearly. The company also needs to furnish Rs. 25 lakh as performance security via bank guarantee or demand draft. This marks the company's entry into the Uttarakhand market, expanding beyond its existing jungle camp locations (Kanha, Pench, Tadoba, Rukhad). The promoter group has no interest in UTDB, and the order is from a domestic government entity.
This is a modest but positive development — it diversifies Jungle Camps' geographic footprint into Uttarakhand and adds a new managed property under a government-backed tourism contract. However, the annual fee of Rs. 28.22 lakh is small in scale, so any stock price reaction is likely to be limited unless it signals larger upcoming government tourism contracts.