Jagsonpal Finance & Leasing Ltd — Others, 18-08-2025: Others

Jagsonpal Finance & Leasing has announced the acquisition of 100% share capital of Welcast Finstocks Private Limited, an NBFC with nil turnover, for approximately Rs. 5.30 crore. This move is part of Jagsonpal's strategic goals, giving it full management control of Welcast Finstocks, without affecting Jagsonpal's existing management. The acquisition is subject to Reserve Bank of India approval and is tentatively expected to complete by December 2025. Additionally, the company proposes to change its name to "Jagsonpal Services Limited," which has received no objection from the Registrar of Companies and awaits shareholder approval. This signifies a potential strategic shift and broader service focus.