Intimation for approval of Business Transfer Agreement

CIN: L62010MH1991PLC467067 29th September, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001. Kind attention: Listing Department Scrip Code: 530601 , Scrip ID: JAGSONSER Sub: Outcome of meeting of the Board of Directors and disclosures pursuant to Regulations 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to the applicable provisions of Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby inform that the Board of Directors of Jagsonpal Services Limited at its meeting held today i.e. on Tuesday, 29th September, 2026, has inter alia considered and approved the acquisition of software platform, assets, brands, IP, human resources and related resources from Elanistech Private Limited, a related party and approved a Business Transfer Agreement for same. The transaction will be subject to the approval of the members of the Company, details of which will be disclosed separately at an appropriate time. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are enclosed herewith. The meeting of the Board of Directors commenced at 1:00 p.m. and concluded at 1:30 p.m. Kindly take the same on your records. For Jagsonpal Services Limited (Formerly known as Jagsonpal Finance and Leasing Limited) Karthik Srinivasan Chairman, Managing Director and Chief Financial Officer DIN: 09805485 Encl.: a/a Jagsonpal Services Limited (Formerly known as Jagsonpal Finance & Leasing Limited) Registered Office: 2, B Wing, 4th Floor, Connekt, Silver Utopia, Chakala, Andheri East, Airport, Mumbai- 400099, Maharashtra, India. info@jagsonpal.co.in | 022 0224099 6484 | www.jagsonpal.co.in CIN: L62010MH1991PLC467067 The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Chapter V-A and Annexure 18, Part A, Clause 1.1 of the SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January, 2026: Sr. Particulars Details a) Name of the target entity Elanistech Private Limited Size Net worth Rs.(50.80) lacs Turnover Nil (as on 31st March, 2026) b) Whether the acquisition would fall Yes within related party transaction(s)? Whether the promoter/promoter Yes, Promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details Mr. Karthik Srinivasan, Chairman, thereof Managing Director & Chief Financial Officer and the Promoter of the Company is also a Director and a shareholder in Elanistech Private Limited. Whether the same is done at “Arm’s Yes length” c) Industry to which the entity being Elanistech Private Limited is in the business acquired belongs of developing software related to or in connection with financial services, electronic payment and other services. d) Objects and impact of acquisition Transaction is commercially beneficial to (including but not limited to, disclosure the Company and will help with the primary of reasons for acquisition of target entity, business activity of the Company, to if its business is outside the main line of kickstart the revenue generation and the business of the listed entity); acquisition is aligned with the Company’s strategic objective. e) Brief details of any governmental or NA regulatory approvals required for the acquisition f) Indicative time period for completion of The transaction is tentatively expected to be the acquisition completed within 3 months, or such extended period as may be mutually agreed upon by the parties. g) Consideration - Whether cash Cash consideration in one or more tranches consideration or share swap or any other form and details of the same? h) Cost of acquisition and/or the price at A total lump-sum purchase consideration of which the shares are acquired Rs.10,00,00,000/- (Rupees Ten Crores Only) i) Percentage of shareholding / control NA acquired and / or number of shares acquired Jagsonpal Services Limited (Formerly known as Jagsonpal Finance & Leasing Limited) Registered Office: 2, B Wing, 4th Floor, Connekt, Silver Utopia, Chakala, Andheri East, Airport, Mumbai- 400099, Maharashtra, India. info@jagsonpal.co.in | 022 0224099 6484 | www.jagsonpal.co.in CIN: L62010MH1991PLC467067 j) Brief background about the entity Elanistech Private Limited is a private acquired in terms of products/line of limited Company incorporated in the state business acquired, of Karnataka under the provisions of the Companies Act, 2013. Elanistech Private Limited is in the business of developing software related to or in connection with financial services, electronic payment and other services. Date of incorporation 21st August, 2026 History of last 3 years turnover NIL Country in which the acquired entity has India presence Any other significant information (in NA brief) Jagsonpal Services Limited (Formerly known as Jagsonpal Finance & Leasing Limited) Registered Office: 2, B Wing, 4th Floor, Connekt, Silver Utopia, Chakala, Andheri East, Airport, Mumbai- 400099, Maharashtra, India. info@jagsonpal.co.in | 022 0224099 6484 | www.jagsonpal.co.in