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Jagsonpal Services Limited, formerly known as Jagsonpal Finance & Leasing Limited, disclosed a statement of deviation or variation in the utilization of funds raised through a preferential issue of equity shares. The company had raised Rs 15,88,12,500 through the allotment of 1,27,05,000 equity shares on March 10, 2025, at Rs 12.50 per share, and as of June 30, 2026, the proceeds allocated towards development of financial technology and general corporate purposes were fully utilized, while the funds allocated for obtaining NBFC licenses were partially utilized due to delayed timelines and a changed business environment, prompting a reallocation approved by the company`s shareholders on July 31, 2026.

Jagsonpal Services will hold a meeting of the Board of Directors of the Company on 14 August 2026.

Net Loss of Jagsonpal Services reported to Rs 1.20 crore in the quarter ended March 2026 as against net loss of Rs 0.76 crore during the previous quarter ended March 2025. There were no Sales reported in the quarter ended March 2026 and during the previous quarter ended March 2025.For the full year,net loss reported to Rs 4.91 crore in the year ended March 2026 as against net loss of Rs 0.71 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025.Powered by Capital Market - Live News

Jagsonpal Services will hold a meeting of the Board of Directors of the Company on 30 May 2026.

Net Loss of Jagsonpal Services reported to Rs 1.65 crore in the quarter ended December 2025 as against net loss of Rs 0.13 crore during the previous quarter ended December 2024. There were no Sales reported in the quarter ended December 2025 and during the previous quarter ended December 2024.Powered by Capital Market - Live News