Jagsonpal Services Limited reported challenging financial results for the quarter ended December 31, 2025, with a significant increase in net losses compared to the previous year. The company also announced a key leadership appointment to strengthen its technology operations.

Financial Performance Overview

The company's financial performance showed considerable deterioration during Q3FY26. Total income remained modest at ₹10.51 lakhs, comprising entirely of other income, while revenue from operations was nil during the quarter.

Expense Analysis

The company witnessed a substantial increase in operational expenses across multiple categories. Employee benefit expenses rose dramatically to ₹16.27 lakhs from ₹0.58 lakhs in Q3FY25. Rent expenses emerged as the largest cost component at ₹65.02 lakhs, while legal and professional fees increased significantly to ₹46.93 lakhs.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company reported total income of ₹35.61 lakhs against total expenses of ₹401.55 lakhs, resulting in a net loss of ₹370.37 lakhs. This represents a significant decline from the previous year's nine-month profit of ₹4.95 lakhs.

Leadership Appointment

The company announced the appointment of Mr. Dhiraj Saxena as Chief Technology Officer effective February 18, 2026. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.

Mr. Saxena brings extensive experience in technology strategy, digital platforms, ERP implementation, cybersecurity, and infrastructure management to his new role.

Corporate Updates

The company completed its registered office relocation from New Delhi to Mumbai, with the new address at Office No. 2, B Wing, 4th Floor, Connkt, Silver Utopia, Chakala, Andheri East, Mumbai, effective December 12, 2025. The company continues to operate in the software/IT projects segment, including product development and applications.

Jagsonpal Services Limited has officially completed the relocation of its registered office from Delhi to Mumbai, marking a significant administrative milestone for the company. The relocation process, which began earlier in 2025, has now received final regulatory approval from the Ministry of Corporate Affairs.

Regulatory Approval and Timeline

The company successfully obtained approval for Form INC-22 from the Registrar of Companies, Mumbai on January 30, 2026. This follows the Regional Director's initial approval granted on December 12, 2025, which also serves as the effective date for the office change.

Office Location Details

The registered office relocation involves a complete change in jurisdiction from Delhi to Maharashtra. The company has transitioned from its previous location in New Delhi's Connaught Place to a modern facility in Mumbai's Andheri East area.

Compliance and Documentation

Jagsonpal Services Limited has maintained full compliance with regulatory requirements throughout the relocation process. The company filed the necessary documentation under Regulation 30 read with Schedule III of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Ministry of Corporate Affairs issued a Certificate of Registration of Regional Director order for Change of State, confirming that the company altered the provisions of its Memorandum of Association through a special resolution. This alteration specifically addressed the change of registered office location from Delhi to Maharashtra, moving the company outside the jurisdiction of ROC Delhi to ROC Mumbai.

Corporate Information

Jagsonpal Services Limited, formerly known as Jagsonpal Finance and Leasing Limited, trades on BSE with scrip code 530601 and scrip ID JAGSONSER. The company's Corporate Identity Number is L62010MH1991PLC467067. The relocation was signed off by Karthik Srinivasan, Chairman and Managing Director and Chief Financial Officer, with DIN: 09805485.

The successful completion of this registered office relocation represents an important administrative achievement for Jagsonpal Services Limited, ensuring continued compliance with regulatory requirements while establishing its presence in Mumbai's business district.