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.

Jagatjit Industries Limited , a prominent player in the alcoholic beverage industry, has announced a significant change in its leadership team. The company has appointed Mr. Anil Singal as its new Chief Financial Officer (CFO), effective September 25, 2025. This strategic move aims to strengthen the company's financial management and oversight.

Appointment Details

The appointment of Mr. Singal was approved by the Board of Directors following recommendations from both the Audit Committee and the Nomination and Remuneration Committee. This decision underscores the company's commitment to maintaining robust financial governance and expertise at the highest levels of management.

Anil Singal's Background

Mr. Singal brings a wealth of experience to his new role as CFO:

• Tenure with Jagatjit Industries: He has been associated with the company since January 27, 2020, most recently serving as Executive Vice President (Finance & Accounts).
• Professional Qualifications: A qualified Chartered Accountant, Mr. Singal boasts over 26 years of experience specifically in the alcoholic beverage industry.
• Previous Experience: Prior to joining Jagatjit Industries, he held positions at several renowned companies in the sector, including Whyte & Mackay, Radico Khaitan Limited, and Allied Blenders & Distillers Limited.

Additional Responsibilities

In addition to his role as CFO, the Board has authorized Mr. Singal, along with Company Secretary Roopesh Kumar, to:

1. Determine the materiality of events or information related to the company.
2. Make necessary disclosures to the stock exchange.

These additional responsibilities highlight the trust placed in Mr. Singal's judgment and expertise in financial matters and corporate communications.

Company's Perspective

The appointment of Mr. Singal as CFO is seen as a strategic move to leverage his extensive industry experience and financial acumen. His in-depth knowledge of the alcoholic beverage sector, combined with his tenure at Jagatjit Industries, positions him well to contribute to the company's financial strategies and growth objectives.

Jagatjit Industries Limited's decision to promote from within demonstrates its commitment to recognizing and nurturing internal talent. This approach often ensures a smooth transition and continuity in financial management practices.

As Jagatjit Industries continues to navigate the competitive landscape of the alcoholic beverage industry, Mr. Singal's appointment is expected to play a crucial role in steering the company's financial direction and supporting its overall business strategy.