Jungle Camps India544304Lease update
Signs lease for Kuno Palpur Jungle Camp resort with 4 year 11 month lock-in
Jungle Camps India signed a lease for the 'Kuno Palpur Jungle Camp' resort in Sheopur, MP — 12 premium and 2 executive rooms.
By ScoutQuest · · 2 min read
₹8,00,000Security deposit (interest-free, refundable
Advance already paid, adjusted against deposit₹5,00,000
Deposit payable on execution₹3,00,000
- Security deposit
- ₹8,00,000 (₹5,00,000 already paid, ₹3,00,000 on execution)
- Lease term
- 4 years 11 months, to 04 Oct 2031
- Property size
- 12 premium and 2 executive rooms
The company has signed an agreement to take a resort property on lease in Madhya Pradesh and operate it as a resort/hotel.
What was signed
- Lessor: M/s Shri Sanwariya Enterprises, a partnership firm, acting through its partners Mr. Rishi Raj Singh and Mr. Naman Nathawat.
- Lessee: Jungle Camps India Limited.
- Property: "Kuno Palpur Jungle Camp" (formerly "The Palpur Fort") at Khasra No. 584/7, Village Moravan, Tehsil Karahal, District Sheopur, Madhya Pradesh.
- The property has 12 Premium Rooms and 2 Executive Rooms.
How it will be used
- The company will operate it as a resort/hotel, covering accommodation, food and beverage, safaris and events.
Money involved
- Security deposit of ₹8,00,000, which is interest-free and refundable.
- Of this, ₹5,00,000 has already been paid and is adjusted against the deposit; ₹3,00,000 is payable on execution.
- The company is liable to pay the agreed monthly rent and to comply with the terms and conditions of the agreement.
- No ownership of the property is acquired; this is only a lease arrangement, so the asset does not come onto the company's books as owned property.
How long it runs
- Term of 4 Year 11 months, from 05 November 2026 to 04 October 2031, which is a lock-in period for both parties.
- Renewal for a further 5 years is by mutual agreement.
Other points disclosed
- The transaction is not a related-party transaction; the lessor is not related to the promoters, promoter group, directors or key managerial personnel.
- No impact on the management or control of the company.
How to read this
- This is an operating arrangement: the company adds a resort to run in the Kuno Palpur area without buying the property, and in return takes on a recurring monthly rent obligation.
- The immediate cash outgo shown is ₹3,00,000 on execution, since ₹5,00,000 was already paid earlier; the full ₹8,00,000 deposit is refundable.
- The near five-year lock-in on both sides gives a defined operating window, with the option to extend by another 5 years if both parties agree.
- The announcement reads as a business expansion step rather than a compliance-only update, but the commercial outcome will depend on how the property performs once operated.
More numbers
- Security deposit (interest-free, refundable)₹8,00,000
- Advance already paid, adjusted against deposit₹5,00,000
- Deposit payable on execution₹3,00,000
- Lease term with lock-in for both parties4 Year 11 months
- Renewal period by mutual agreement5 years
- Premium Rooms in the property12
- Executive Rooms in the property2
Source: BSE · 5 Nov 2026
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