Key Transaction Details
Avalon Technologies Limited has executed a Lease Deed with the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) on October 08, 2026. The lease is for land located at Plot No. A-53 & A-54, SIPCOT Industrial Park, Oragadam, Kancheepuram District, Tamil Nadu.
Purpose of Agreement
The purpose of entering into the agreement is to set up an industrial unit at SIPCOT Industrial Park, Oragadam, Kancheepuram District, Tamil Nadu.
Size of Agreement
The lease covers land admeasuring 25.08 acres situated at SIPCOT Industrial Park, Oragadam, Kancheepuram District, Tamil Nadu.
Shareholding Relationship
There is no shareholding in SIPCOT by Avalon Technologies Limited.
Significant Terms of Agreement
The lease is for a period of ninety-nine years for setting up an industrial unit. No special rights like right to appoint directors, first right to share subscription, or right to restrict any change in capital structure are conferred on either party. The agreement contains only customary rights and obligations arising under a standard lease agreement with SIPCOT.
Related Party Status
The parties are not related to promoter/promoter group/group companies in any manner.
Related Party Transaction Classification
The transaction does not fall within related party transactions.