Pursuant to Section 108 and 110 of Companies Act, 2013, read with applicable rules, the approval of members of the Company was sought for matter stated in Notice dated 07-04-2025, through ....
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Jagsonpal Finance & Leasing Limited announced the results of its postal ballot conducted via remote e-voting between 8 April and 7 May 2025. Out of 5,174 shareholders on record (cut-off date 28 March 2025), only about 17% of outstanding shares were polled. All six resolutions passed with overwhelming majority (over 97% in favour each). The key resolutions included: shifting the registered office from Delhi to Maharashtra (99.99% in favour), altering the MoA accordingly (99.99% in favour), entering a Master Services Agreement with related party Elanistech Private Limited (97.95% in favour), and granting the board expanded powers under Sections 180(1)(a), 180(1)(c) and 186 of the Companies Act to borrow, lend, invest and give guarantees beyond existing limits (99.99% in favour). Promoters did not vote on the related party resolution.
Shareholders should note the company is relocating its registered office to Maharashtra and has secured broad authority to take on higher debt and make loans or investments beyond prescribed limits, signalling possible fundraising or expansion plans. The related party deal with Elanistech was also approved, though promoters recused themselves from that vote. These governance changes may support future growth but also increase the board's financial flexibility, which investors should monitor.