Jagsonpal Finance & Leasing Ltd — Important, 10-09-2025: Company Update

Jagsonpal Finance and Leasing Limited plans to acquire Welcast Finstocks Pvt Ltd, an NBFC, subject to RBI approval. This strategic move aims to significantly enhance Jagsonpal Finance's lending capabilities, particularly positioning it as a leading player in India's expanding overseas education financing market. The acquisition will integrate Welcast's established retail and SME lending expertise with Jagsonpal’s technology-driven platform, expanding operational scale and geographic reach. This is expected to create a more agile, tech-focused NBFC to better serve India's evolving financial needs, including student education financing. The company has initiated the necessary approval process for this significant acquisition.