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

Jagsonpal Finance and Leasing's Board has approved the acquisition of 100% of Welcast Finstocks Private Limited, an NBFC. This strategic move involves purchasing 197,170 equity shares and 52,750 preference shares at Rs. 212.23 per share, subject to regulatory approvals. Welcast Finstocks reported NIL turnover in the last three years. This acquisition is expected to conclude by December 2025 and will not impact Jagsonpal's management or control. Additionally, the company is seeking shareholder approval to change its name to "Jagsonpal Services Limited," following a no-objection from the Registrar of Companies.