Jagatjit Industries Limited , a prominent player in the Indian beverage industry, is set to witness a significant change in its shareholding structure. Karamjit Jaiswal, a member of the company's promoter group, has announced plans to acquire a substantial number of differential voting rights (DVR) shares from another promoter entity.

Key Details of the Transaction

Unique Characteristics of DVR Shares

The DVR shares involved in this transaction possess some distinctive features:

1. They carry nil dividend rights
2. Each share holds 20 voting rights
3. These shares are not listed on any stock exchange

Impact on Shareholding

The proposed acquisition will result in a shift in the shareholding pattern within the promoter group:

Transaction Rationale and Regulatory Compliance

The transfer is structured as an inter-group transaction within the promoter group, aimed at offsetting loan amounts. Importantly, this transaction is exempt from making an open offer under SEBI regulations, ensuring compliance with regulatory requirements.

Valuation Methodology

The acquisition price of Rs. 76.61 per DVR share is based on a fair value calculation conducted by an independent valuer, adding credibility to the transaction's pricing.

This corporate action demonstrates the dynamic nature of shareholding structures within promoter groups and highlights the unique characteristics of differential voting rights shares in the Indian corporate landscape.

Jagatjit Industries Limited , a well-established player in the Indian market, has made a significant move to strengthen its financial position. The company has announced the execution of an agreement to sell its property in Gurugram, Haryana, for a substantial sum of Rs. 215.00 crores.

Key Details of the Property Sale

Financial Impact and Strategic Move

The sale of this property is a strategic decision by Jagatjit Industries to optimize its asset portfolio and improve its financial health. Here are some key financial aspects of the transaction:

• Revenue Contribution: The property generated revenue of Rs. 5.95 crores during the fiscal year 2024-25.
• Percentage of Turnover: This revenue represented 0.89% of the company's total turnover.
• Net Worth Impact: The property's contribution accounted for 11.22% of the company's net worth, including revaluation reserve.

Intended Use of Proceeds

Jagatjit Industries has stated its intention for the sale proceeds. The company plans to utilize the net proceeds from this transaction to reduce its borrowings, which is expected to improve its debt profile and financial stability.

Transaction Transparency

This transaction maintains a high level of transparency and adheres to corporate governance norms:

1. The buyer, Innovative Techno Park Private Limited, is a third-party company with no relation to Jagatjit Industries' promoters or group companies.
2. The transaction does not fall under the category of related party transactions.
3. None of the company's promoters, directors, key managerial persons, or their relatives have any direct or indirect interest in this transaction.

Market Implications

This move by Jagatjit Industries reflects a broader trend in the corporate sector where companies are looking to monetize non-core assets to strengthen their balance sheets. By reducing debt, the company may be positioning itself for improved financial flexibility and potentially better terms for future borrowings.

The successful completion of this transaction, expected by January 18, 2026, may be viewed positively by investors and stakeholders as it demonstrates the management's commitment to financial prudence and strategic asset management.