Execution of lease agreement and Relocation of Cement Division office as per the enclosed letter
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Keerthi Industries has leased a new office space at Plot No. S-9A, T.I.E., Balanagar, Hyderabad (1st and 2nd Floor) to house its Cement Division, effective April 7, 2025. The new premises are located across the street from the company's existing Registered Office. The relocation was done to free up space at the Registered Office for the company's Electronics Division, which the company describes as showing consistent growth and profitability and needing room to expand. The Registered Office address itself remains unchanged. The disclosure has been made under SEBI Listing Regulations to keep the stock exchange informed.
This is a routine administrative update with no direct impact on shareholders or stock price. However, it indirectly signals that the Electronics Division is growing and requires more operational space, suggesting positive momentum in that segment.