New Horizons: Speciality Restaurants Embarks on Exciting Land Development Venture

Speciality Restaurants Limited has signed a pivotal Development Agreement with Coal Mines Associated Traders Private Limited to develop leasehold land in Durgapur, West Bengal. The agreement, dated November 21, 2025, grants development rights for approximately 2.03 acres located at Mouza Faridpur, Durgapur. The company will retain 20% of the built-up area, including car parking, alongside 20% undivided share of common areas and facilities. This strategic move underscores Speciality Restaurants’ expansion efforts outside its core business domain, focusing on asset development in growing regional markets.

 

Notable updates from the agreement include:

This initiative aligns with the company’s broader objective to leverage real estate assets for enhanced value creation while maintaining a focused and transparent approach to partnerships.

 

Source: Company Disclosure to the Stock Exchanges