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Awaiting price reaction for this filing.
Nukleus Office Solutions has signed a Letter of Intent (LOI) with Dwellings Star Developers Private Limited to lease a new co-working centre at Tower-E, SkymarkOne, Sector-98, Noida. The centre will span approximately 32,000 square feet on the 7th floor with exclusive terrace access, classified as premium commercial office space. The lease is for 9 years starting May 1, 2026, and is part of the company's plan to grow its managed workspace presence in the Noida market. The LOI is subject to a formal Sub Lease Deed and other definitive agreements being signed later.
This is an expansion move for Nukleus's own co-working business rather than a customer order, so it signals capacity growth in the NCR flexible workspace segment but does not directly impact near-term revenue. Investors should watch for the final lease execution and any updates on occupancy or revenue ramp-up at the new centre.