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Nukleus Office Solutions Limited has executed a Letter of Intent (LOI) to sub-license approximately 13,075 sq. ft. (covered area) / 20,115 sq. ft. (super area) of commercial office space in Delhi for Phase-2 expansion of its managed and co-working office operations. The agreement is with R Cube Projects Private Limited and Spirit Infrastructure Private Limited, with a tenure of 9 years, a lock-in period of 4 years, and a fit-out period of 75 days. Possession is targeted for on or before June 01, 2026. The company will pay a monthly sub-license fee along with a refundable security deposit. This is not a related party transaction.
This expansion signals the company's intent to grow its co-working and managed office footprint in a prime Delhi location, which could positively impact future revenue streams if market demand remains steady. No immediate material impact on stock price expected unless further capital commitment details are disclosed.