Sale Deed executed for Delhi office premises; Lease Deeds executed to keep occupying the same premises
Jetking Infotrain executed a Sale Deed on 16th October, 2026 selling its Delhi premises — Office Nos. 601 to 608, Sixth Floor, Pragati Deep, Laxmi Nagar — for ~INR 4.16 crore.
By ScoutQuest · · 2 min read
- Sale Consideration
- ~INR 4.16 crore
- Lease Term
- 5 years, 16/10/2026 to 15/10/2031, renewable for 5 more years
- Sale Deed Date
- 16th October, 2026
What the company informed the exchange
Jetking Infotrain has executed a Sale Deed on 16th October, 2026 for the sale of its immovable properties comprising Office Nos. 601, 602, 603, 604, 605, 606, 607 and 608, situated at Sixth Floor, Pragati Deep, Plot No. 8, Laxmi Nagar, Delhi – 110092.
Sale consideration
- Consideration received from the sale: ~INR 4.16 crore (Rupees Four Crore Sixteen Lakh Thirty-Three Thousand Only)
- Expected date of completion of the sale/disposal: Immediate
- The company states the sale does not constitute a sale of an undertaking or substantially the whole of the undertaking of the company
Who the buyers are
- The named buyers are: Anjali Singh & Akash Chauhan; Naveen Chander & Basanti Joshi; Ajay Kumar Nagarmal Jain; Ajay Kumar Nagarmal Jain; Seema Sharma; Ajay Sharma; Deepankar Sharma HUF; Deepankar Sharma HUF
- The buyers do not belong to the promoter/promoter group or group companies
- The transaction does not fall within a related party transaction
Lease-back of the same premises
- The company executed Lease Deeds on 16th October, 2026 in respect of the same premises, so that it continues to use them for its business operations
- Lease term of 5 years, i.e. from 16/10/2026 to 15/10/2031
- Renewable thereafter for a further period of 5 (Five) Years on the terms and conditions mentioned in the Lease Deed and/or as mutually agreed between the parties
What this means in simple terms
The company has sold the premises but continues to occupy and use them as a tenant. The company states that the sale will not have any impact on its business operations, as it will continue to occupy and use the premises under the Lease Deeds executed.
For a reader, the announcement combines two things: a one-time cash inflow from the property sale, and a continuing lease rental obligation for the same space over 5 years, renewable for a further 5 years.
More numbers
- Consideration received from sale/disposalINR 4,16,33,000/-
- Lease term5 years
- Renewal period after the lease term5 (Five) Years
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