Le Lavoir Ltd signs agreement with Hotel Tunga Regency Pvt Ltd for providing Laundry Services

Le Lavoir Limited has entered into an agreement with Hotel Tunga Regency Private Limited for providing wet cleaning, washing and dry-cleaning services for a period of 3 years from the date of execution of the agreement. Under the brand name "Le Lavoir", the Company aims to expand its footprint across institutional clients while also exploring broader commercial opportunities to meet evolving customer demands. The Company is pleased to announce the launch of its structured laundry service solutions, aligned with its newly secured contract for room linen, staff uniforms, and guest laundry.

On the business outlook, Mr. Sachin Kapse, Managing Director of Le Lavoir Limited said, "This strategic initiative, in collaboration with Hotel Tunga Regency Private Limited, signifies a major advancement in Le Lavoir's approach to providing laundromat services to the hospitality sector. This Deal Marks a change in our strategy of now providing linen rental-based solutions to our customers. The partnership is focused on delivering scalable, high-efficiency laundry solutions tailored to institutional requirements, ensuring consistency, quality control, and timely service execution. Through a structured pickup and delivery framework, Le Lavoir Limited aims to optimize operations while maintaining the highest standards of garment care and hygiene. This move is expected to enhance operational synergies, broaden the customer base, and support long-term growth initiatives."

On the deal announcement, Mr. Ashok Dilipkumar Jain, Director cum Chairman at Le Lavoir, exuberantly added, "We are delighted to formalize this contract with Hotel Tunga Regency Private Limited. This 3-year agreement reinforces the confidence and trust that leading hospitality brands in Mumbai continue to place in our capabilities. This partnership marks a significant milestone in our journey as we strengthen our presence in the hospitality laundry segment. At Le Lavoir, our vision is to emerge as one of India's most trusted and preferred laundry service providers, driven by excellence, innovation, and consistency. We remain aligned with the Government of India's 'Make in India' and 'Atmanirbhar Bharat' initiatives and are committed to building a self-reliant, world-class service ecosystem that delivers superior value to our clients."

Shares of LE Lavoir Ltd was last trading in BSE at Rs. 218.00 as compared to the previous close of Rs. 220.55. The total number of shares traded during the day was 16265 in over 230 trades.

The stock hit an intraday high of Rs. 220.55 and intraday low of 201.25. The net turnover during the day was Rs. 3483996.00.

Source : Equity Bulls

Keywords

LELavoir INE204S01012 LaundryServices Agreement HotelTungaRegency