Board Meeting Outcome
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 4.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Jagsonpal Services Limited approved the unaudited financial results for Q2 FY26 (quarter ended 30 September 2025), along with the half-yearly results, which were subject to a limited review by statutory auditors Jain Vinay & Associates (unmodified opinion). The company reported a loss of Rs. 96.23 lakhs (after OCI) for Q2 FY26, swinging from a profit of Rs. 11.08 lakhs in Q2 FY25. For the half year ended September 2025, the loss widened to Rs. 203.32 lakhs versus a profit of Rs. 17.18 lakhs in the same period last year, with total expenses ballooning from Rs. 8.46 lakhs to Rs. 230.25 lakhs — driven mainly by rent (Rs. 125.29 lakhs), legal and professional fees (Rs. 36.37 lakhs), and depreciation (Rs. 15.75 lakhs). Total income for H1 FY26 was largely flat at Rs. 25.10 lakhs (vs Rs. 25.64 lakhs in H1 FY25). The company recently changed its name from Jagsonpal Finance & Leasing Ltd to Jagsonpal Services Ltd and is in the process of acquiring 100% of Welcast Finstocks Private Limited (paid ~18% of consideration, shown under non-current investments).
Shareholders should note the sharp swing from profit to loss, surging operating costs, and a negative cash and bank balance of Rs. 58.71 lakhs at the end of September 2025, which raise serious liquidity concerns even though the auditor's review remains clean. The ongoing acquisition of Welcast Finstocks and the company's pivot to IT/software services could reshape the business, but until revenue scales, the stock is likely to remain under pressure.