Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Agreement to sell executed by the Company
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Jagatjit Industries has executed an agreement to sell its property at Plot No. 78, Sector 18, Gurugram (16,200 sq. mtrs. along with two buildings) to M/s Innovative Techno Park Private Limited for a total consideration of Rs. 215 Crores. The agreement was signed on 19th October 2025 and the sale is expected to be completed on or before 18th January 2026. The buyer is an unrelated third party and the transaction is not a related-party deal. The property contributed Rs. 5.95 Crore of revenue in FY25, which is just 0.89% of turnover and 11.22% of net worth, indicating it is not a core operating asset. Net proceeds will be used to reduce the company's borrowings.
This is a non-core asset sale that brings in Rs. 215 Crores of cash to deleverage the balance sheet, which should be modestly positive for shareholders. Since the property contributed less than 1% of revenue, there is no meaningful impact on ongoing operations.