Jay Ambe Supermarkets Lands Lease Agreement for Major Expansion Under 'City Square Mart' Brand
Jay Ambe Supermarkets Ltd has secured a registered lease arrangement aimed at bolstering its retail expansion strategy. The company entered into the agreement on June 3, 2026, to establish and operate a new supermarket under the brand name "City Square Mart."The commercial property is located at Shreeji Madhuram Complex in Bayad, District Arvalli, Gujarat. This facility will serve as a key addition to the company's geographical growth plan within the region.
The lease covers Unit Nos. 1 through 8 and 51 through 58 on the Ground Floor of Block "A" at the complex, with the leased area amounting to approximately 4,000 Sq. Ft.
Deal Structure and Counterparties
The agreement was executed with four independent individual property owners who function as the lessors. These counterparties are Pinakinbhai Ramanbhai Patel, Manishbhai Jagdishbhai Patel, Ushaben Chandreshbhai Patel, and Rajubhai Manoharbhai Rajput.Jay Ambe Supermarkets Ltd confirmed that none of the lessors are related to the company's Promoter or any associated entities. The transaction is described as purely commercial and operational, indicating no impact on the management or control structure of the listed entity.
The nature of the agreement has been determined not to constitute a Related Party Transaction, with terms having been negotiated on an arm's length basis.
Key details regarding the lease arrangement are summarized below:
| Feature | Detail |
|---|---|
| Brand | City Square Mart |
| Location | Shreeji Madhuram Complex, Bayad, Arvalli, Gujarat |
| Area Leased | 4,000 Sq. Ft. (Unit Nos. 1-8 and 51-58) |
| Execution Date | June 3, 2026 |
| Counterparties | Four independent individual property owners |
Stock Price Movement
For Jay Ambe Supermarkets Ltd, the stock settled on Monday after trailing down 5.00% to reach ₹156.75 at market close. Throughout the trading session, shares ranged from a low of ₹156.75 up to an intraday peak of ₹161.60.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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