Subsidiary signs Agreement to Sub-Lease for new plant; ~Rs. 81 Cr investment planned

SJS Display Electronics Pvt Ltd (SDEPL), the wholly-owned subsidiary, has entered into an Agreement to Sub-Lease to set up a new manufacturing facility on a Build-to-Suit basis at Village Koregaon Bhima, Taluka Shirur, District Pune.

Sun 11 Oct 2026

Total Investment

~Rs. 81 Cr

Built-up Area

approximately 60,000 sq. ft.

Expected Commercial Operations

by September 2027

What was announced

• SJS Display Electronics Pvt Ltd (SDEPL), a wholly-owned subsidiary, has entered into an Agreement to Sub-Lease for establishing its manufacturing facility on a Build-to-Suit basis.
• The facility is coming up at Village Koregaon Bhima, Taluka Shirur, District Pune, Maharashtra.
• The Agreement to Sub-Lease was executed and registered on October 11, 2026.
• This follows the earlier disclosure dated August 31, 2026 regarding the incorporation of SDEPL.

What the terms mean, in simple words

• Build-to-Suit means the facility is built to the company's requirements and the building is taken on lease rather than owned.
• The building cost is shown as Building on lease (ROU); ROU is the right-of-use asset recognised for a leased asset.
• An Agreement to Sub-Lease is the lease arrangement through which the land and building are taken.

The numbers in the update

• Built-up area: approximately 60,000 sq. ft.
• Plant and machinery: ~Rs. 65 Cr
• Building on lease (ROU): ~Rs. 16 Cr
• Total investment: ~Rs. 81 Cr
• Mode of financing: internal accruals/debt

Timeline and capacity

• The proposed capacity is to be added by September 2027, by which the facility is expected to be ready for commencement of commercial operations.
• SDEPL is a newly incorporated entity with no existing manufacturing unit, so there is no existing capacity or existing capacity utilisation to report.

Stated rationale

• Expansion of the company into the cover glass and display electronics manufacturing business through its newly incorporated subsidiary, SDEPL.

What investors may track

• Whether the facility is ready for commercial operations as indicated by September 2027.
• Progress of the cover glass and display electronics business through SDEPL.
• How the ~Rs. 81 Cr investment is funded between internal accruals and debt.
• The company has said it will keep the stock exchanges apprised of further material developments as and when they arise.

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