Bemco Hydraulics Ltd signs Sub-Lease Agreement for Premises in Jubilant Motorworks Deal
Bemco Hydraulics Ltd has finalized a sub-lease agreement, effectively leasing out part of its premises to Jubilant Motorworks Pvt Ltd. The agreement was executed on June 12, 2026.The deal involves the sub-leasing of approximately 25,000 sq ft of property. The Premises are designated for use as an Automobile Showroom/Experience Centre/Workshop/Service/Stock facility, as mutually agreed upon by both parties. The duration of the agreement is set for nine years.
Jubilant Motorworks Pvt Ltd has been identified as an independent party with no prior relationship to Bemco Hydraulics Ltd. The terms of the sub-lease agreement stipulate specific rental payments and a mechanism for future increases.
Key financial details concerning the sublease are as follows:
| Rental Period | Monthly Rent (INR) | Escalation Clause |
|---|---|---|
| First Six Months | Rs. 10,50,000/- | N/A |
| Next Six Months | Rs. 11,00,000/- | 5% increase annually on the last rent paid |
The agreement mandates that Jubilant Motorworks Pvt Ltd will operate within the premises as described in the contractual terms. The Board of Directors had previously authorized Mr. Anirudh Mohta to execute the sub-lease agreement on behalf of Bemco Hydraulics Ltd. As per the details provided, the transaction does not constitute a related party transaction.
Stock Price Movement
Bemco Hydraulics Ltd. shares settled at ₹85.30 at the close of trading, edging higher by 1.54%. Throughout the day, the stock moved through its intraday range, which spanned from a low of ₹84.02 to a high of ₹86.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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