Pind Hospitality Limited has executed an Agreement to Lease with Sh. Arvind Sharma for a commercial resort property. The lease covers land admeasuring 00-80-16 hectares (0.8016 hectares) situated at Revenue Village Dum-Ka-Dhank, Hadbast No. 367, and Revenue Village Jungal Patgar, Hadbast No. 363, P.O. Mundghat, Tehsil Shimla Rural, District Shimla, Himachal Pradesh — 171012.

The purpose of the agreement is for setting up and operating an eco-friendly resort/cottages as part of the company's proposed expansion plans for its hospitality business. The company is evaluating various expansion options, including revisiting the proposed Haveli project while considering the proposed Shimla project.

Key Terms of the Agreement:

  • Lease Period: 18 years
  • Rent Commencement: From the month of registration of the Lease Deed
  • Initial Monthly Rent: ₹2,10,000 for the first year
  • Rent Escalation: Annual escalation as specified in the agreement
  • Security Deposit: ₹12,00,000 paid by the company
  • Conditions: Subject to obtaining requisite permissions and approvals

Regulatory Requirements:

The company is required to obtain statutory approvals and permissions, including permission under Section 118 of the Himachal Pradesh Tenancy and Land Reforms Act, 1972, before execution and registration of the Lease Deed.

Relationship Status:

The transaction does not constitute a related party transaction. Sh. Arvind Sharma is not related to the Promoters, Promoter Group, Directors, or any Key Managerial Personnel of the company. There is no shareholding in the entity with whom the agreement is executed.

Impact and Liabilities:

The company shall be liable to pay the agreed monthly rent and comply with all terms and conditions of the agreement. The transaction does not impact the management or control of the listed entity.

The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Schedule III and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.