Jagsonpal Finance & Leasing Limited has announced a board meeting outcome approving 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 quarter.

Revenue stood at ₹9.33 lakh.

The Board has 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.

These changes signal a strategic shift away from its traditional finance business, impacting its future operations and positioning.