Proceedings of 34 Annual General Meeting of the Company enclosed
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The 34th AGM of Jagsonpal Finance and Leasing Limited (BSE: JAGSONFI) was held on 22 September 2025 via video conferencing and lasted about 56 minutes. Chairman Karthik Srinivasan presided, and all quorum and procedural requirements were met. The statutory auditors' report on FY25 financials had no qualifications, adverse comments, or reservations. Six resolutions were put to e-vote, including approval of audited financials, re-appointment of the CMD, re-appointment of statutory and secretarial auditors, and two key special resolutions proposing the company's name change to 'Jagsonpal Services Limited' and deletion of finance and leasing from the main objects of the Memorandum of Association, signalling a shift away from financial services.
The proposed name change and removal of finance/leasing from the company's core objects suggest a strategic pivot toward a services-focused business model, which could materially change how investors and lenders view the company. Voting results will be declared within 48 hours and could affect near-term stock sentiment.