Jagsonpal Services Ltd Appoints New Compliance Officer and Announces Proceeds Reallocation
Jagsonpal Services Limited has announced a key managerial appointment and provided details regarding the reallocation of funds raised from a previous preferential equity issue. The decisions were finalized by the Board of Directors during a meeting held on June 29, 2026.The company appointed Mr. Pranav Chaware as its Company Secretary and Compliance Officer. This designation is effective immediately, starting June 29, 2026.
Mr. Chaware, who is a qualified Company Secretary and an Associate member of the Institute of Company Secretaries of India (ICSI), possesses over 10 years of experience in various corporate sectors. His expertise includes compliance related to the Companies Act, 2013, SEBI Regulations, and RBI's FEMA framework.
Details regarding Mr. Chaware’s appointment are summarized as follows:
| Particulars | Details |
|---|---|
| Reason for Appointment | Appointment of Mr. Pranav Chaware as Company Secretary & Compliance Officer of the Company |
| Date and Term | Effective from June 29, 2026. Term is as per the policies of the Company. |
| Profile Highlights | Qualified CS with over 10 years' experience in corporate compliance across multiple sectors. |
In addition to the management appointment, the Board also reviewed and approved the reallocation of proceeds that were previously raised through a preferential issue of equity shares. This matter relates to a Special Resolution passed by shareholders on February 15, 2025.
The company, formerly known as Jagsonpal Finance and Leasing Limited, confirmed these corporate developments following its board meeting.
Stock Price Movement
As of 13:23, Jagsonpal Services Ltd is edging higher at ₹49.00, as the shares gain 2.19%. The stock moved through a substantial intraday range, touching a low of ₹45.56 and reaching a high of ₹49.70.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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