Jagatjit Industries News

Jagatjit Industries Q3 FY26 Results Show Strong Turnaround

Jagatjit Industries reported remarkable Q3 FY26 results with net profit of ₹6,445 lakhs vs loss of ₹433 lakhs in Q3 FY25, driven by exceptional gains from property sale of ₹9,530 lakhs.

Jagatjit Industries Sells Gurugram Property for Rs. 215 Crores to Reduce Borrowings

Jagatjit Industries Limited executed an agreement to sell its property in Gurugram, Haryana on October 19, 2025. The property spans 16,200 square meters with two buildings and is being sold for Rs. 215 crores. The sale is expected to be completed by January 18, 2026. The buyer is Innovative Techno Park Private Limited, a third-party company not related to the promoters or group companies. The property generated revenue of Rs. 5.95 crores during FY 2024-25, representing 0.89% of turnover and 11.22% of net worth including revaluation reserve. The company plans to use the net proceeds to reduce its borrowings. The transaction does not involve any related party dealings.

Jagatjit Industries Appoints Anil Singal as Chief Financial Officer

Jagatjit Industries Limited appointed Mr. Anil Singal as Chief Financial Officer effective September 25, 2025. The appointment was approved by the Board of Directors based on recommendations from the Audit Committee and Nomination and Remuneration Committee. Singal has been with the company since January 27, 2020, previously serving as Executive Vice President (Finance & Accounts). He is a qualified Chartered Accountant with over 26 years of experience in the alcoholic beverage industry, having previously worked with Whyte & Mackay, Radico Khaitan Limited, and Allied Blenders & Distillers Limited. The company has also authorized Singal and Company Secretary Roopesh Kumar to determine materiality of events and make stock exchange disclosures.