10-Year Built-to-Suit Lease Agreement Signed for Hindupur Property with Kyungshin Industrial Motherson

The company has executed a Lease Agreement with Kyungshin Industrial Motherson Private Limited for its Hindupur, Sri Sathya Sai District property of about 4.01 acres.

Thu 24 Sep 2026

Property Size

approximately 4.01 acres

Built-up Area

1.93 acres

Lease Term

10 years, commencing 1st May 2027

Security Deposit

Rs. 85,94,411/- (interest-free, refundable)

Payment Schedule

50% on signing, 50% on handover

What was shared

The company informed the exchanges under Regulation 30 that it has executed a Lease Agreement on 24-09-2026 with Kyungshin Industrial Motherson Private Limited.

The arrangement

• Property at Hindupur, Sri Sathya Sai District, measuring approximately 4.01 acres.
• A new facility to be constructed with a built-up area of 1.93 acres, on a built to suit basis (built to the tenant's specifications).
• Lease term of 10 years, with the lease period commencing from 1st May 2027.

Money involved

• The company will receive a total interest-free refundable security deposit / advance money of Rs. 85,94,411/- from the lessee.
• 50% is payable upon signing of the Lease Agreement and the remaining 50% upon formal handing over of the facility.

Relationship and terms

• The company holds Nil shareholding in the counterparty.
• No special rights such as board appointment rights or restrictions on capital structure are attached.
• The parties are not related to the promoter/promoter group/group companies, and the transaction is not a related party transaction.

How the company frames it

The company states the agreement is expected to generate long-term assured rental income and positively impact operational revenue after the lease period commences.

What investors may note

This is a monetisation of an existing land asset rather than a change in the core business. The deposit is refundable, so it is a liability on the books rather than income. Rental inflows begin only after construction and the start of the lease period in May 2027.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.