Lease Agreement Details
- Nature of Document: Lease Deed (Rent Deed) between private parties, executed by the Company as Lessee
- Execution Details: Duly registered before the office of the Sub-Registrar, SR Jaipur XII
Parties to Agreement
- Lessor (First Party): Shri Laduram Sharma S/o Shri Onkar Lal, resident of Ward No. 13, Indira Market, Chaksu, Tehsil Chaksu, District Jaipur, Rajasthan – 303901
- Lessee (Second Party): Yaashvi Jewellers Limited, through its authorised Director, Shri Ankit Aggarwal
Property Description
- Location: Ground floor of Plot No. 14, Ward No. 19, Main Market, Chaksu, Tehsil Chaksu, District Jaipur, Rajasthan – 303901
- Area: Built-up area of approximately 1,894 sq. ft. (177.25 sq. m.)
Financial Terms
- Lease Tenure: 9 years (till June 30, 2035)
- Monthly Lease Rent: ₹1,80,000 (Rupees One Lakh Eighty Thousand only)
- Rent Structure: Exclusive of applicable TDS and GST
- Rent Escalation: 5% increase after every 12 months
- Security Deposit: ₹5,40,000 (Rupees Five Lakh Forty Thousand only), equivalent to three months' rent
Purpose and Impact
- Purpose: Taking commercial premises on lease for setting up and operating a retail jewellery showroom of the Company
- Operational Impact: Enables the Company to set up and operate a retail jewellery showroom at Chaksu, Jaipur
- Adverse Effects: No material adverse effect on the operations of the Company
Related Party Status
- The Lessor is not related to the Company or its promoters/promoter group
- The transaction is not a related party transaction
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