Joint Venture26 Nov 2025, 09:01 pm
Speciality Restaurants Ltd Signs Agreement with Esensos Services and Solutions LLP for Development of Leasehold Land in Bhubaneshwar, Orissa
AI Summary
Speciality Restaurants Ltd, along with its Wholly Owned Subsidiary company, Speciality Hotels India Private Limited, and Esensos Services and Solutions LLP, have signed a Strategic Collaboration and Investment Agreement, Share Subscription Agreement, and Shareholders’ Agreement for the development of a world class food, beverages and retail complex on a leasehold land situated at Bhubaneshwar, Orissa. The Investor, Esensos Services and Solutions LLP, has agreed to invest Rs.20,00,00,000/- in the equity share capital of the WOS over the construction period.
Key Highlights
- Speciality Restaurants Ltd, Speciality Hotels India Private Limited, and Esensos Services and Solutions LLP have signed strategic collaboration and investment agreements.
- The agreement is for the development of a world class food, beverages and retail complex on a leasehold land in Bhubaneshwar, Orissa.
- Esensos Services and Solutions LLP will invest Rs.20,00,00,000/- in the equity share capital of the WOS over the construction period.
- The Investor will have the right to appoint a director on the Board of WOS and will have affirmative voting rights in case of issuance of shares and any change in capital structure.