Jagsonpal Services Limited has disclosed receipt of approval from the Reserve Bank of India (RBI) for the acquisition of 100% shareholding and control in Welcast Finstocks Private Limited, a Non-Banking Financial Company (NBFC).
The RBI provided its approval via letter dated 2nd July, 2026. This disclosure is made pursuant to Regulation 30 read with Para A of Part A under Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is in continuation of the company's previous disclosure dated 18th August, 2025.
The company will commence the acquisition process subject to compliance with relevant provisions under the Master Direction - Reserve Bank of India (Non-Banking Financial Companies - Acquisition of Shareholding or Control) Directions, 2025 and other applicable acts, rules, and regulations by both Jagsonpal Services Limited and Welcast Finstocks Private Limited.
The company has committed to keeping the exchange informed of any further material updates or developments regarding this acquisition.
The disclosure was signed by Karthik Srinivasan, Chairman, Managing Director and Chief Financial Officer (DIN: 09805485) on 3rd July, 2026.
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