Announced Wed, 1 Jul · 18:08 IST
Postal ballot for reallocation of Rs 15.88 Cr preferential issue funds
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹47.45
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.4—+5.4+0.1-4.7+1.9+19.1———
Up moveDown movePending
AI summary
Jagsonpal Services has sent a postal ballot notice seeking shareholder approval to reallocate Rs 15.88 Cr raised via a Feb 2025 preferential issue. NBFC license allocation cut from Rs 11 Cr to Rs 5 Cr since RBI approval for acquiring Welcast Finstocks is delayed. FinTech allocation raised from Rs 3 Cr to Rs 7.88 Cr and general corporate from Rs 1.88 Cr to Rs 3 Cr. E-voting runs 2 July to 31 July 2026.
Likely market impact
Delays in NBFC acquisition push funds into FinTech. Watch for shareholder approval outcome and RBI approval update on Welcast deal.