Jagsonpal Services Ltd (530601) — Board Meeting | 29 September 2026 (2 announcements)

Jagsonpal Services Limited held its 35th AGM on 29 September 2026 via video conference, where shareholders approved the audited financial statements for FY2026 and reappointed director Rodney Pearce by rotation. All resolutions passed with requisite majority, and the Scrutinizer’s report confirmed compliance with e-voting regulations.

Jagsonpal Services announced a revised board outcome approving the acquisition of Elanistech Private Limited, a related party, for a total cash consideration of ₹10 crores. The target, operating in financial software and payment services with ₹2.58 crores turnover (as of March 2026), is deemed commercially beneficial to kickstart revenue and aligns with strategic objectives. The transaction, expected to close within three months, involves Mr. Karthik Srinivasan, Chairman and promoter, who holds an interest in Elanistech. The acquisition is structured as a cash deal and requires no regulatory approvals.