Jagatjit Industries sells Gurugram property for INR 215 crore

Jagatjit Industries Limited has agreed to sell its property at Plot no. 78, Sector 18, Gurugram, Haryana, for INR 215 crore. The property, measuring 16,200 sq mtrs. with two constructed buildings totaling 16,200 sq mtrs., was sold to Innovative Techno Park Private Limited. The agreement was made on October 19, 2025, with the sale expected to close by January 18, 2026.

The net sales proceeds from this transaction are earmarked for reducing the company’s borrowings. In the last financial year (FY 2024-25), the revenue generated from this property was INR 5.95 crore, representing 0.89% of the company's turnover and 11.22% of its net worth, including the revaluation reserve.

The buyer is a third party and is not related to Jagatjit Industries' promoters, promoter group, or group companies. None of the company's promoters, directors, key managerial persons, or their relatives have a direct or indirect interest in this transaction.