Business Update9 Dec 2025, 06:29 pm
Seamec Ltd Enters Lease Agreement with Related Party for Office Space
AI Summary
Seamec Ltd has entered into a lease agreement with Mrs. Deepti Agrawal, a related party, for additional office premises situated at A-904, 9th Floor, 215 Atrium, Andheri - Kurla Road, Andheri (East), Mumbai- 400093. The lease is for a period of 9 years, effective from October 01, 2025. The lease fees are Rs. 7,86,060/- per month with a 15% escalation every 3 years, exclusive of car parking and GST.
Key Highlights
- Seamec Ltd enters into a lease agreement with a related party for office space.
- The lease is for a period of 9 years, effective from October 01, 2025.
- The lease fees are Rs. 7,86,060/- per month with a 15% escalation every 3 years.
- Mrs. Deepti Agrawal is the spouse of the Chairman of the Company.
- The transaction is at arm's length.