Capacity Addition: Leave & License Agreement in Pune for 2,881 desks, ₹44 Crore (approx.) investment

The company has entered into a Leave & License Agreement for capacity addition in Pune.

Thu 8 Oct 2026

Proposed capacity addition

2,881 desks (approx.)

Investment required

₹44 Crore (approx.)

Space admeasured

1,60,744 square feet

What the company informed the exchanges

The company has entered into a Leave & License Agreement for a capacity addition in Pune. A leave and license arrangement means the company takes the premises on licence for a fee rather than owning it, so the space is added to its operating portfolio without buying the property.

The space admeasures 1,60,744 square feet, and the company states this will result in an increase in its operational capacity.

The numbers disclosed

• Existing capacity: 1,33,573 desks (as at June 30, 2026)
• Existing capacity utilisation: 84.90% (as at June 30, 2026)
• Proposed capacity addition: 2,881 desks (approx.)
• Investment required: ₹44 Crore (approx.)
• Mode of financing: internal accruals/debt
• Expected operational timeline: on or before July 2027

How to read the scale of the addition

The proposed 2,881 desks work out to roughly 2% of the existing 1,33,573 desks – a modest step-up in total desks rather than a large jump. The company's existing desks were 84.90% utilised as at June 30, 2026, which is the level of use before this Pune space is added.

The ₹44 Crore (approx.) investment is the amount stated for this addition, and the company says it will be funded through internal accruals or debt.

Why the company says it is doing this

The stated rationale is to cater to incremental demand and to enhance the company's operational capacity in line with business growth. The addition is expected to become operational on or before July 2027, so the desks would contribute to capacity only once the space is operational.

Points a retail investor may note

• This is a business expansion update about a new location, not a financial results announcement.
• The desk count and the investment amount are both described as approximate.
• The capacity addition is expected to be operational on or before July 2027, and the funding is to come from internal accruals/debt.

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