Regulatory30 May 2026, 03:44 pm
Jagsonpal Services: No Deviation in Preferential Issue Use
AI Summary
Jagsonpal Services Ltd. confirms no deviation or variation in the use of funds raised through the preferential issue of equity shares, as stated in the explanatory statement dated February 15, 2025. A Nil Statement of Deviation, reviewed by the Audit Committee, is provided for the quarter ended March 31, 2026. The company raised ₹15.88 Cr through the preferential issue of 1,27,05,000 equity shares at ₹12.50 per share on March 10, 2025. Unutilized proceeds are held in an account with Kotak Bank.
Key Highlights
- Jagsonpal Services reports no deviation in the use of preferential issue funds.
- ₹15.88 Cr was raised through preferential issue on March 10, 2025.
- Funds are allocated towards NBFC license eligibility and financial technology development.
- Unutilized preferential issue proceeds are held in Kotak Bank.
- Audit Committee reviewed the Nil Deviation Statement for Q4 2026.
Price Impact
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