Key Event Details
The Company has entered into a registered lease arrangement on June 3, 2026 for commercial premises situated at Bayad, District Arvalli, Gujarat.
Purpose and Rationale
The lease arrangement is for the purpose of establishing a new supermarket under the brand name "City Square Mart". This forms part of the Company's ongoing business expansion and retail growth strategy aimed at increasing its geographical presence and revenue base in the Gujarat region.
Counterparty Details
The Lease Deed has been executed with four independent individual property owners:
1. Pinakinbhai Ramanbhai Patel
2. Manishbhai Jagdishbhai Patel
3. Ushaben Chandreshbhai Patel
4. Rajubhai Manoharbhai Rajput
Property Details
Location: Shreeji Madhuram Complex, Bayad, Arvalli, Gujarat - 383325
Specific Units: Unit Nos. 1-8 and 51-58, Ground Floor, Block "A"
Area: Approximately 4,000 Sq. Ft.
Relationship Disclosure
None of the four lessors hold any shares in Jay Ambe Supermarkets Limited, to the best of the Company's knowledge. None of the lessors are related to the Promoter, Promoter Group, or any Group Companies of Jay Ambe Supermarkets Limited in any manner.
Management and Control Impact
The execution of this Lease Deed is purely a commercial/operational arrangement for business expansion. This agreement does not in any manner affect, alter, or restrict the management, governance, or control structure of Jay Ambe Supermarkets Limited.
Restrictions and Liabilities
Not Applicable - No restrictions or liabilities imposed upon the listed entity as per the disclosure.
Financial Impact
Financial impact not quantified in the disclosure.