Jagsonpal Services (formerly known as Jagsonpal Finance and Leasing Limited) has announced a significant corporate change, rebranding itself as Jagsonpal Services Limited. This transformation, approved by the Bombay Stock Exchange (BSE), marks a new chapter for the company.

Key Details of the Name Change

The company has provided the following information regarding the rebranding:

Impact on Stock Listing

The name change will affect the company's stock listing identity on the BSE. While the scrip code remains unchanged at 530601, the new scrip ID 'JAGSONSER' will be implemented from the effective date.

Corporate Communication

Karthik Srinivasan, the Chairman, Managing Director, and Chief Financial Officer of the company (DIN: 09805485), signed off on the official communication to the BSE. This demonstrates the high-level oversight of this corporate action.

Additional Corporate Actions

In conjunction with the name change announcement, the company also disclosed information about the transfer of securities in physical mode, in compliance with various SEBI circulars. This includes details about re-lodgment of transfer requests and the process for dematerialization of re-lodged physical shares.

The name change and associated updates reflect a significant shift in the company's identity. Stakeholders and market participants should take note of these changes, particularly the new scrip ID, for future reference and trading purposes.

Jagsonpal Finance & Leasing Limited (now known as Jagsonpal Services Limited) has reported a significant loss for the quarter ended September 30, 2025, as the company undergoes major corporate restructuring and strategic shifts.

Financial Performance

The company reported a net loss of Rs 98.69 lakhs for Q2 FY26, compared to a profit of Rs 11.08 lakhs in the same quarter of the previous year. Key financial metrics include:

All figures in Rs lakhs

The substantial increase in expenses, particularly in rent (Rs 64.98 lakhs) and legal and professional fees (Rs 6.41 lakhs), suggests significant operational changes and potential restructuring costs.

Half-Year Performance

For the half-year period ended September 30, 2025, Jagsonpal Services recorded a cumulative loss of Rs 205.77 lakhs, driven by increased operational costs and expenses related to the company's ongoing transformation.

Corporate Actions and Strategic Shifts

1. Name Change: The company has changed its name from Jagsonpal Finance & Leasing Limited to Jagsonpal Services Limited, as approved in the Annual General Meeting held on September 22, 2025.

2. Business Focus: Jagsonpal Services now operates in a single segment, focusing on software/IT projects including product development and applications.

3. Acquisition Plans: On August 21, 2025, the company entered into a Share Purchase Agreement to acquire 100% equity shares of Welcast Finstocks Private Limited. Approximately 18% of the purchase consideration has been paid, with the transaction pending completion.

Balance Sheet Highlights

As of September 30, 2025:

All figures in Rs lakhs

The company's balance sheet shows a significant increase in non-current assets, particularly in investments (Rs 1,016.41 lakhs), likely related to the ongoing acquisition of Welcast Finstocks Private Limited.

Outlook

While the current quarter shows a substantial loss, the company's strategic shifts, including the focus on software/IT projects and the planned acquisition, suggest a transformative phase. The increased expenses, particularly in rent and professional fees, indicate investments in new operations and restructuring efforts.

Investors and stakeholders may be watching how these strategic moves translate into financial performance in the coming quarters, especially as the company completes its acquisition and potentially expands its IT services offerings.