Nirlon Limited announced that it has signed a Leave and License Agreement for 1,160,079 sq. feet chargeable area comprising its entire Phase 5 development for 10 years. The License Commencement Date for this Agreement is December 15, 2021.

The License Fee Commencement date is May 15, 2022 after the contracted License Fee Free period of 5 months. The Company has also received the entire Security Deposit envisaged under the Leave and License Agreement.