Jagatjit Industries Limited has recently informed exchanges that the company has entered into an agreement to sell its property located at Plot No. 78, Sector 18, Gurugram, Haryana, for a total consideration of ₹215 crore. The deal, executed on October 19, 2025, includes two buildings constructed over 16,200 square meters of land.
According to the company’s filing with the stock exchanges, the net sale proceeds will be utilized to reduce its existing borrowings, strengthening its balance sheet. The buyer, Innovative Techno Park Private Limited, is an unrelated third party and the transaction does not fall under the ambit of related party transactions.
The Gurugram property contributed ₹5.95 crore in revenue during FY 2024–25, accounting for about 0.89% of the company’s total turnover and 11.22% of its net worth (including revaluation reserves). The sale is expected to be completed by January 18, 2026.
