Key Resolution Details

  • Special Resolution for reallocation of utilization of funds raised through preferential issue of equity shares
  • Total fund amount: ₹15.88 crores
  • Original preferential issue approved by members on 15th February, 2025
  • Board and Audit Committee approval obtained on 29th June, 2026

Proposed Fund Reallocation

| Objects | Original Allocation (₹ in Crores) | Revised Allocation (₹ in Crores) |

| Attain eligibility and apply for NBFC license and other licenses from Reserve Bank of India | 11.00 | 5.00 |

| Development of financial technology | 3.00 | 7.88 |

| General corporate and other purposes | 1.88 | 3.00 |

| Total | 15.88 | 15.88 |

Voting Details

  • Voting method: Remote e-voting only through NSDL
  • Cut-off date for voting eligibility: Friday, 26th June, 2026
  • Voting period: Thursday, 2nd July, 2026 (9:00 AM IST) to Friday, 31st July, 2026 (5:00 PM IST)
  • Results deemed passed on last voting date: 31st July, 2026

Background and Rationale

  • As of 31st March, 2026, only approximately ₹1.478 crores utilized from the ₹11 crore NBFC license allocation
  • Delay in RBI approval for acquisition of Welcast Finstocks Private Limited (NBFC)
  • Application for change in shareholding, control and management filed on 23rd December, 2025 and refiled on 31st March, 2026
  • Increased need for financial technology development and general corporate purposes
  • The reallocation aims to optimize fund utilization and address evolving business requirements

Preferential Issue Details

  • Issue date: February 2025
  • Total shares: 1,27,05,000 equity shares
  • Issue price: ₹12.50 per share
  • Allottees:
  • Mr. Karthik Srinivasan (Promoter/Individual): 80,15,000 shares
  • Ms. Nimita Dinesh Sureka (Non-Promoter/Individual): 1,00,000 shares
  • Mr. Sudhir Hadawale (Non-Promoter/Individual): 40,000 shares
  • Zenius Neotech Private Limited (Non-Promoter/Private Company): 45,50,000 shares

Scrutinizer Appointment

  • M/s. Pooja Sawarkar & Associates, Company Secretaries appointed as Scrutinizer
  • Scrutinizer to submit results within 2 working days from conclusion of e-voting

Document Availability

  • Available on company website: www.jagsonpal.co.in
  • Available on BSE website: www.bseindia.com
  • Available on NSDL website: https://www.evoting.nsdl.com/

Interest Disclosure

Except for Mr. Karthik Srinivasan, none of the Promoters, Directors, Key Managerial Personnel or their relatives are concerned or interested in the resolution.