Announced Mon, 29 Jun · 13:06 IST

Board appoints new Company Secretary, proposes reallocation of preferential issue proceeds

Board & Shareholder Meetings View source PDF

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AI summary

Jagsonpal Services Ltd Board met on 29th June 2026 and approved two items. First, appointment of Mr. Pranav Chaware, a qualified Company Secretary with over 10 years of experience across multiple corporates, as the new Company Secretary and Compliance Officer effective the same day. Second, reallocation of proceeds from the preferential equity issue approved by shareholders on 15th February 2025, which is subject to further shareholder approval and related clearances.

Likely market impact

New Compliance Officer onboarded; proposed reallocation of preferential issue funds will require shareholder approval at the next general meeting.