Jagsonpal Services has scheduled its 35th Annual General Meeting for Tuesday, September 29, 2026. The event will be conducted through Video Conferencing or Other Audio Visual Means.

The company will dispatch the AGM notice and the Annual Report for FY26 to shareholders with registered email addresses. Physical communications containing website links will be sent to those without registered emails.

Meeting Logistics

The register of members and share transfer books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026. This book closure period determines eligibility for voting at the upcoming meeting.

The cut-off date for determining member eligibility is fixed as Tuesday, September 22, 2026. Shareholders holding records on this date will be eligible to vote.

E-Voting Details

Shareholders can exercise their voting rights electronically through National Securities Depositories Limited. Remote e-voting will commence on Saturday, September 26, 2026, at 9:00 am and conclude on Monday, September 28, 2026, at 5:00 pm.

Detailed instructions for the e-voting facility are included in the AGM notice. The notice and annual report are also available on the company website and stock exchange portals.

Jagsonpal Services Limited reported a net loss of ₹141.19 lakh for the quarter ended June 30, 2026 (Q1FY26), compared to a net loss of ₹107.09 lakh in the corresponding period of FY25. The company recorded zero revenue from operations, relying entirely on other income of ₹1.87 lakh, which fell sharply from ₹9.33 lakh in Q1FY25.

Total expenses rose to ₹148.20 lakh from ₹115.67 lakh year-ago, primarily due to higher rent expense of ₹69.53 lakh (up from ₹60.31 lakh) and employee benefit expenses of ₹54.29 lakh (up from ₹5.14 lakh). Legal and professional fees also contributed significantly at ₹10.52 lakh.

Financial Highlights

What the Numbers Show

The financial data reveals a complete absence of core business activity, with revenue from operations standing at zero. This lack of operational income means the company is burning cash solely through fixed overheads like rent and salaries. While other income provided a negligible offset of ₹1.87 lakh, it was insufficient to cover even a fraction of the ₹148.20 lakh in total expenses, leading to an operational loss before tax of ₹146.32 lakh.

Corporate Developments

The Board of Directors approved the unaudited financial results on August 14, 2026. The company has obtained Reserve Bank of India (RBI) approval for the acquisition of 100% shareholding in Welcast Finstocks Private Limited. Approximately 18% of the purchase consideration has been paid and is disclosed under Non-Current Investments, pending final completion of the transaction.

Additionally, shareholders approved the reallocation of funds raised through a preferential equity issue via postal ballot, securing more than 99% votes in favor. The independent auditor, Jain Vinay & Associates, issued a limited review report stating that nothing came to their attention to suggest the statements were materially misstated.