Outcome of the 34th Annual General Meeting of the Company enclosed
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Jagsonpal Services Ltd (formerly Jagsonpal Finance & Leasing Limited) held its 34th AGM on 22nd September 2025 via video conferencing, where all 6 resolutions were passed with an overwhelming 99.9993% majority (only 104 votes against out of 1,57,61,236 valid votes). Key resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Karthik Srinivasan (DIN: 09805485) as director retiring by rotation, and re-appointment of statutory auditor M/s Jain Vinay & Associates and secretarial auditor Pooja Sawarkar & Associates for 5 years each. Importantly, two special resolutions were approved to change the company's name to 'Jagsonpal Services Limited' and remove finance and leasing clauses from its main objects in the MOA, signalling a strategic shift away from its core NBFC business. Out of 5,228 shareholders on record, 51 attended virtually (1 promoter, 50 public), and promoter holding of ~1.10 crore shares voted 100% in favour.
The name change and removal of finance/leasing from main objects mark a clear strategic pivot away from the NBFC business, which could affect future revenue mix and require shareholders to monitor the new business direction closely. Near-unanimous voting reflects strong management-shareholder alignment and minimal dissent, suggesting low near-term governance risk.