Super Spinning Mills Limited
Main Body
Super Spinning Mills Limited has executed a Lease Agreement with M/s. Kyungshin Industrial Matherson Private Limited, a company incorporated under the Companies Act, 1956, for the property situated at Hindupur, Sri Sathya Sai District.
The key terms of the agreement include:
- Property area: Approximately 4.01 acres
- Construction: New facility with built-up area of 1.93 acres on a built-to-suit basis
- Lease term: 10 years
- Lease commencement date: 1st May 2027
- Agreement execution date: 24th September 2026
Financial details:
- The Company will receive a total interest-free refundable security deposit/advance money of ₹85,94,411/- from the Lessee
- 50% of the amount payable upon signing of the Lease Agreement
- Remaining 50% payable upon formal handing over of the facility
Strategic rationale: The lease is expected to generate long-term assured rental income and positively impact the company's operational revenue post-commencement of the lease period.
Regulatory compliance: The disclosure is made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/l/3762/2026 dated January 30, 2026.
Additional details:
- No shareholding exists between the parties
- The transaction does not constitute a related party transaction
- The transaction is executed at arm's length basis
- No special rights like right to appoint directors, first right to share subscription, or restrictions on capital structure changes
- No nominee director arrangements or potential conflicts of interest identified
Other Key Announcements
No other material announcements disclosed in this filing.