Shradha Infraprojects Limited announced, in respect of transaction entered by the Company, with Reliance Nippon Life Insurance Company Limited ("the Licensee"), to rent out the Property of the Company on Leave and License basis, situated at 3rd Floor, 345, Shradha House, Kingsway, Nagpur 440001, Tehsil and District- Nagpur, Maharashtra, admeasuring to an aggregate of total 3348 Sq ft carpet area, for the yearly rental of INR 24,00,000/- (Rs, Twenty Four Lakhs Only; inclusive of all Municipal rates and taxes and all other outgoings excluding the GST on rent) with suitable increments to Rental on yearly basis. ("the Transaction"). In this regard, it is hereby inform that the all legal formalities, documentations, execution of leave and license agreement and the transaction related to lease out the property with both the parties were concluded on 10th April, 2024.