Jagsonpal Finance & Leasing Ltd — Important, 18-08-2025: Company Update

Jagsonpal Finance and Leasing Ltd. has approved the acquisition of 100% of Welcast Finstocks Private Limited, a Non-Banking Financial Company (NBFC) that reported no turnover in the last three years. The cash consideration for this acquisition is Rs. 212.23 per share, pending Reserve Bank of India approval. This move aims to achieve strategic goals for the company. Additionally, the company received a 'no objection' from the Registrar of Companies for changing its name to 'Jagsonpal Services Limited,' which requires shareholder approval, reflecting a potential broader service focus.