Narbada Gems and Jewellery Limited announced that the Company has finalized lease for its new Corporate Office and new space for expansion of factory, to be situated at the upcoming new building located at Municipal No. 3- 6-307/1, 3-6-307/2 and 3-6-308/1, situated at Hyderguda, Hyderabad, Telangana. The Company has taken on lease the "Semi Finished Premises" of the entire 1 Floor in the above referred Property for the purpose to acquire the premises on rent to make it ready to use for its Factory purpose being the First Floor Area of 10,588 SFT in Premises covered by Municipal No.

3-6-307/1, 3-6-307/2 and 3-6-308/1, situated at Hyderguda, Hyderabad. Also, the Company has entered into a lease agreement to lease the "Semi Finished/Finished Premises" of the Ground Floor of aforementioned Property to set up the required infrastructure, Furniture & Fixture to use it for its Corporate Office purpose and to lease the space of the GI and G2 Floor on sharing basis with the other tenants in the above referred Property.