Jagsonpal Finance & Leasing Limited has announced a board meeting on which it approved the financial results for the quarter and half-year.

The company reported a loss of ₹107.09 lakh for the quarter, widening from a loss of ₹75.81 lakh in the previous year’s corresponding period.

Revenue stood at ₹9.33 lakh, with total expenses at ₹115.67 lakh.

The Board also approved altering the company’s main objects to exit lending and financing activities, with a consequent name change to remove “Finance & Leasing,” subject to shareholder approval.

This strategic shift signals a significant change in the company’s business focus.