Intimation regarding receipt of Letter of Intent (LOI) from Delhivery Limited
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Sam Industries Ltd has received a Letter of Intent from Delhivery Ltd to construct a warehouse of approximately 60,000 square feet at Shivaay LogiSpace in Indore. Upon completion, the warehouse will be leased out to Delhivery Ltd. for a period of nine years. The project will be undertaken in the ordinary course of business. There is no related party interest, and the promoter group has no interest in Delhivery Ltd. The company has not disclosed the financial value of the contract.
This is a positive development as it secures a long-term (9-year) lease commitment from a major logistics player (Delhivery), potentially providing stable rental income for Sam Industries. However, without disclosed contract value, investors cannot immediately gauge the revenue impact.