Tunwal E-Motors Secures 5-Year Warehouse Lease in Madhya Pradesh for Distribution Network
Tunwal E-Motors Limited, formerly known as Tunwal E-Motors Private Limited, has executed a lease agreement to establish a new commercial warehouse facility in Madhya Pradesh. The acquisition is designed to enhance the company's logistics capabilities and optimize its goods distribution network across the region.The agreement, executed on May 20, 2026, allows the company to secure industrial shed space for storing and distributing its goods. Establishing this facility falls within the ordinary course of business, supporting regional storage capacity and streamlining supply chain operations.
The leased facility is located in Pithampur, Madhya Pradesh, and the transaction was finalized with Smt. Asha Patheria, identified as the warehouse owner. The agreement details are summarized below:
| Particulars | Details |
|---|---|
| Location | Survey No. 259/1/1 (S), 259/1/2 (S), Rau Pithampur Bypass Main Road, Opp. GAIL India Limited, Ward No. 04, Village Silotiya, Pithampur, Tehsil Pithampur, District Dhar, Madhya Pradesh. |
| Purpose | To secure a commercial warehouse/industrial shed for storing and distributing the Company's goods. |
| Total Built-up Area | 11,675 Sq. Ft. (This includes mezzanine and two shops). |
| Tenure | 5 (Five) Years, commencing from May 15, 2026. |
| Monthly Rental Consideration | Rs.1,40,100/- (Rupees One Lakh Forty Thousand One Hundred only). |
| Rate Calculation | The monthly rent is calculated at Rs.12 per Sq. Ft. |
Management noted that the lessor is an independent third party, and the agreement is executed at arm's length, confirming that the company holds no shareholding in the entity with whom the agreement was executed.
Tunwal E-Motors Limited is positioned to utilize this newly acquired space to enhance its operational capacity for distribution and supply chain management.
TUNWAL Stock Price Movement
Tunwal E-Motors Limited shares slipped today by 0.75% to settle at ₹33, marking a decline of ₹0.25 from its previous close. The stock saw a total traded volume of 30,000 shares during the session.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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