Service Care Limited has announced that it has entered into a Memorandum of Understanding (MOU) with a co-working space solution provider to facilitate and manage office spaces in two key locations—Delhi NCR and Guwahati, Assam.
The company will manage a 200-seater office space in Delhi NCR for a tenure of 3 years and a 100-seater space in Guwahati for a tenure of 1 year. These agreements involve providing managed office solutions, ensuring the setup, maintenance, and services associated with co-working spaces are seamlessly managed for the duration of the contracts.
While the specific name of the co-working space solution provider has not been disclosed due to non-disclosure arrangements, the contracts are domestic in nature and classified as service agreements. Service Care Limited has clarified that there is no promoter or related party interest involved in these agreements.
This development is aimed at expanding the company’s footprint in the managed office space sector, catering to the increasing demand for flexible and efficient work environments.
For further details and regulatory compliance, the company has filed the necessary information under SEBI regulations for investors and stakeholders.
