Jagsonpal Services Approves Acquisition of Elanistech Software Platform

Jagsonpal Services Limited's Board of Directors has approved the acquisition of software platform, assets, brands, IP, and human resources from Elanistech Private Limited, a related party. The transaction, valued at ₹10 crore in cash, is subject to shareholder approval. Elanistech operates in financial services and electronic payment software. This acquisition is expected to be commercially beneficial, kickstart revenue generation, and align with the company's strategic objectives. The deal is anticipated to be completed within three months.