BEMCO Hydraulics Ltd has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the outcome of a Board of Directors meeting and a subsequent agreement execution.
Board Approval and Date
The Board of Directors approved the decision to sub-lease the premises in a meeting held on Thursday, 13th November 2025.
Agreement Execution and Date
The sub-lease agreement was subsequently executed on Friday, 12th June 2026.
Counterparty Details
The agreement was executed between BEMCO Hydraulics Ltd (the listed entity) and Jubilant Motorworks Pvt Ltd. Jubilant Motorworks is stated to be an independent party with no relationship to the listed entity.
Purpose of Agreement
The purpose of entering into the agreement is the Sub Leasing Of Property.
Significant Terms of Agreement
- The sub-lease agreement was executed on 12th June 2026.
- The agreement involves subleasing premises measuring approximately 25,000 square feet.
- The lease period is for 9 years.
- The permitted use of the premises is as an Automobile Showroom, Experience Centre, Workshop, Service, and Stock area for both two and four-wheelers, as mutually agreed between the parties.
- The rental will have an escalation of 5% once every year on the last rent paid.
Impact and Relationships
- The disclosure states there is no impact on the management or control of the listed entity (NA).
- There are no quantified restrictions or liabilities imposed on the listed entity (NA).
- Jubilant Motorworks is not related to the promoter/promoter group/group companies in any manner (NO).
- The transaction does not fall within related party transactions (NO).
Authorization
The Board of Directors authorized Mr. Anirudh Mohta to execute the sub-lease agreement on behalf of the listed entity.