Nukleus Office Solutions Limited has announced a significant expansion of its commercial office portfolio through the execution of binding Letters of Intent (LOIs) for leasing approximately 75,000 square feet of office space in Noida, Uttar Pradesh.

The company disclosed the development through a filing dated May 5, 2026 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The filing was submitted to:

• BSE Limited
• Scrip Code: 544370

The expansion reflects the company’s growing focus on strengthening its position in India’s rapidly expanding:

• Co-working industry
• Managed office segment
• Flexible workspace market

Two Major Leasing Agreements Signed

According to the filing, the company executed two separate binding LOIs at:

Okaya Centre, Sector 62, Noida, Uttar Pradesh

Details Of The Two LOIs

1. Tower 1 Lease Agreement

• Binding LOI dated: May 4, 2026
• Area leased: Approximately 25,000 sq. ft.
• Location: 4th Floor, Tower 1

2. Tower 3 Lease Agreement

• Binding LOI dated: May 5, 2026
• Area leased: Approximately 50,000 sq. ft.
• Location: 3rd and 4th Floors, Tower 3

Together, the agreements cover around:

75,000 sq. ft. of commercial office space

Purpose Behind The Expansion

The company stated that the leased office spaces will be used for:

• Managed office operations
• Co-working business expansion
• Flexible workspace services

The expansion is aligned with the company’s broader strategy to:

• Strengthen its presence in premium commercial locations
• Increase operational scale
• Expand customer reach
• Meet rising demand for flexible workspaces

Agreement Executed With OESPL Private Limited

The filing stated that the agreements were executed with:

OESPL Private Limited

The company clarified that:

• There is no shareholding relationship between the parties
• The transaction does not qualify as a related party transaction
• Promoters or promoter group entities have no interest in the other entity

Key Terms Of The Leasing Agreements

The filing outlined several important terms of the proposed lease arrangements.

Total Area

The combined leasing area is:

• Approximately 75,000 sq. ft.

Break-up includes:

• 25,000 sq. ft. in Tower 1
• 50,000 sq. ft. in Tower 3

Lease Tenure

The lease period has been proposed for:

5 years

The agreement also includes:

• Renewal options

This indicates a long-term expansion strategy by the company.

Parking Facilities Included

The company will also receive:

• Specified car parking spaces
• Additional parking rights subject to agreed conditions

Parking infrastructure is considered important in commercial office projects, especially in major business hubs like Noida.

Definitive Lease Deeds To Be Executed Later

The company clarified that the current documents are:

Binding Letters of Intent (LOIs)

Formal lease deeds will be executed later based on mutually agreed terms and conditions.

This is a common process in large commercial real estate transactions.

Financial Structure Of The Lease

The consideration for the leasing agreements includes:

• Monthly lease rentals
• Refundable security deposits
• Maintenance charges
• Other applicable charges

The company did not disclose the exact financial value of the transaction in the filing.

No Regulatory Approvals Required

The filing mentioned that:

• No specific governmental or regulatory approvals are required for the transaction

This could help the company proceed with the operational rollout more efficiently.

Strategic Importance Of Noida Expansion

The expansion into a larger footprint in Noida is strategically important for Nukleus Office Solutions.

Why Noida Is Important

Noida has emerged as one of India’s leading commercial and IT hubs because of:

• Strong infrastructure
• Corporate presence
• Metro connectivity
• Growing startup ecosystem
• Competitive commercial rentals

Areas like Sector 62 are particularly popular among:

• IT companies
• Startups
• Consulting firms
• Technology businesses
• Flexible workspace operators

Growing Demand For Flexible Workspaces

India’s co-working and managed office industry has witnessed strong growth over the last few years.

Several factors are driving this demand:

1. Hybrid Work Models

Many companies now prefer flexible office solutions instead of traditional long-term office ownership.

2. Startup Ecosystem Growth

India’s startup ecosystem continues to expand rapidly, increasing demand for scalable office infrastructure.

3. Cost Efficiency

Managed offices help businesses reduce upfront capital expenditure.

4. Enterprise Adoption

Large corporations are increasingly adopting flexible workspaces for:

• Satellite offices
• Project teams
• Expansion centres

Nukleus Strengthening Its Market Position

The latest expansion indicates that Nukleus Office Solutions is aggressively strengthening its position in the managed office market.

The company appears focused on:

• Premium office locations
• Larger operational capacity
• Corporate clients
• Flexible office demand

About Nukleus Office Solutions

Nukleus Office Solutions Limited was formerly known as:

Nukleus Office Solutions Private Limited

The company operates in the:

• Co-working space industry
• Managed office solutions sector
• Commercial workspace services segment

Its offerings typically include:

• Shared office infrastructure
• Enterprise office solutions
• Meeting spaces
• Flexible workspace management

The company is headquartered in:

• New Delhi

with corporate operations in:

• Noida, Uttar Pradesh

Importance Of Managed Office Business In India

The managed office market in India has become increasingly competitive.

Companies in this sector are focusing on:

• Scalability
• Technology-enabled offices
• Flexible leasing
• Enterprise-grade infrastructure
• Prime commercial locations

Demand is rising from sectors such as:

• IT services
• Technology startups
• Financial services
• Consulting firms
• Digital businesses

Sector 62 Emerging As Commercial Hub

The choice of Okaya Centre, Sector 62 Noida is also noteworthy.

Sector 62 has developed into a strong commercial destination because of:

• Presence of multinational companies
• IT parks
• Strong road connectivity
• Metro access
• Availability of Grade-A office spaces

The location is attractive for both startups and established enterprises.

Long-Term Growth Strategy Visible

The five-year lease tenure suggests the company is planning for sustained expansion rather than short-term occupancy growth.

Long-duration commercial leasing often reflects:

• Business confidence
• Expansion planning
• Stable occupancy expectations
• Long-term operational commitment

Impact On Future Business Operations

The additional office capacity could support:

• Increased customer onboarding
• Expansion into enterprise solutions
• Higher revenue opportunities
• Stronger market visibility

If occupancy demand remains strong, the expansion may positively support the company’s operational growth.

Real Estate And Flexible Workspace Industry Outlook

India’s commercial real estate market has continued to evolve post-pandemic.

The flexible workspace industry especially has gained momentum because many businesses now prefer:

• Flexible lease commitments
• Fully managed office infrastructure
• Ready-to-move workspaces

Industry experts expect the sector to continue growing in major cities including:

• Delhi NCR
• Bengaluru
• Mumbai
• Hyderabad
• Pune

Corporate Governance And Compliance

The filing also demonstrates compliance with:

• SEBI Listing Regulations
• Corporate disclosure norms
• Investor transparency standards

The company clearly disclosed:

• Nature of transaction
• Counterparty details
• Lease terms
• Related party status
• Strategic purpose

Investors May Watch Future Updates

Following this announcement, investors may monitor:

• Execution of definitive lease deeds
• Operational rollout timelines
• Occupancy levels
• Revenue growth from new spaces
• Future expansion announcements

Further disclosures may be made once the final lease agreements are signed.

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