
Expansion5 Aug 2026, 02:55 pm
Yaashvi Jewellers Leases Jaipur Showroom for 9 Years
AI Summary
Yaashvi Jewellers Ltd has executed a Lease Deed for a commercial property in Chaksu, Jaipur, Rajasthan. The premises, measuring approximately 1,894 sq. ft., will be used to set up and operate a retail jewellery showroom. The lease agreement is for a tenure of 9 years, ending June 30, 2035, with a monthly rent of ₹1,80,000, subject to a 5% escalation annually. A security deposit of ₹5,40,000 has been paid. The lessor is not a related party, and the transaction is not considered a related party transaction. This expansion is expected to enhance the company's retail presence in the region.
Key Highlights
- Leased commercial premises for a new jewellery showroom in Jaipur.
- 9-year lease agreement with monthly rent of ₹1,80,000.
- Expansion aims to strengthen retail footprint in Rajasthan.
- No material adverse effect on company operations anticipated.
Price Impact
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