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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jagsonpal Services Ltd has filed a nil statement confirming no deviation or variation in the use of funds raised through a preferential issue. The company raised Rs. 15.88 crore via allotment of 1.27 crore equity shares at Rs. 12.50 per share on 10th March 2025. As of 31st March 2026, Rs. 6.36 crore has been utilized out of Rs. 15.88 crore allocated across three objects: NBFC license pursuit (Rs. 11 crore allocated, Rs. 1.48 crore used), financial technology development (Rs. 3 crore fully utilized), and general corporate purposes (Rs. 1.88 crore fully utilized). The unutilized balance of approximately Rs. 9.52 crore remains in the company's Kotak Bank account. The Audit Committee reviewed and confirmed no deviations.
Positive signal for shareholders as the company confirms proper utilization of funds as per stated objects, with no deviation from the approved purpose of the preferential issue.