StockWatch
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Diversified Retail
Business Update4 Jun 2026, 06:31 pm

Jay Ambe Supermarkets Leases Space for New Store

AI Summary

Jay Ambe Supermarkets Ltd has entered into a registered lease arrangement for commercial premises in Bayad, District Arvalli, Gujarat. This space will be used to establish a new supermarket under the brand name “City Square Mart”. The lease is for approximately 4,000 Sq. Ft. and involves four independent individual property owners. This move is part of the company's ongoing business expansion and retail growth strategy, aimed at increasing its geographical presence and revenue base in the Gujarat region. The transaction is purely commercial, does not impact management control, and is not a related party transaction.

Key Highlights

  • Leased commercial premises for new supermarket 'City Square Mart'.
  • Expansion strategy targets Gujarat region's retail market.
  • Lease agreement with four independent property owners.
  • Transaction is operational and does not affect management control.