Disclosure of the statement of deviation or variation in fund utilization for the quarter ended 30th June, 2026.

CIN: L62010MH1991PLC467067 14th August, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001. Kind attention: Listing Department Scrip Code: 530601 , Scrip ID: JAGSONSER Sub: Disclosure of Statement of deviation or variation in utilization of funds raised through preferential issue of equity shares, pursuant to Regulations 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to the applicable provisions of Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Statement of deviation or variation in utilization of funds raised through preferential issue of equity shares of Jagsonpal Services Limited (Formerly known as Jagsonpal Finance and Leasing Limited) for the quarter ended 30th June, 2026. 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 CCIN:L6622001100MH11999911PLCC4466700667 STATEMENTOFDEVIATIONORVARIATIONINUTILIZATIONOFFUNDSRAISED NameofListedEntity Jagsonpal Services Limited (Formerly known as Jagsonpal Finance & Leasing Ltd.) ModeofFundRaising Allotment of Equity Shares on Preferential basis DateofRaisingfunds 10.03.2025(Date of Allotment) AmountRaised Rs.15,88,12,500/- (Rupees Fifteen Crores Eighty-Eight Lakhs Twelve Thousand Five Hundred Only) was raised through preferential issue of 1,27,05,000 Equity Shares, as approved by the shareholders by way of postal Ballot on 15th February 2025. The securities were allotted to the identified allottees at an issue price of Rs.12.50/-per share (at a premium of Rs.2.50/-) Reportfiledforthe QuarterEnded 30thJune, 2026 MonitoringAgency NotApplicable MonitoringAgency,ifApplicable NotApplicable IsthereaDeviation/VariationinuseofFund Raised No If yes, whether the same is pursuant to change in NotApplicable terms of a contract or objects which were approved by the shareholders IfYes,Dateofshareholders’Approval NotApplicable ExplanationfortheDeviation/Variation NotApplicable CommentsoftheAuditCommitteeafterreview None Commentsoftheauditors,ifany None Set forth below are objects for which funds were raised by way of Preferential Issue and details of variance,if any, in the following table: (Rs.inCrores) Original Object Modified Original Modified Funds Amount of Remarks, Object, if Allocation Allocation Utilized Deviation ifany any , if any /Variation forQuarter according to applicable object Attain eligibility and apply NA 11.00 5.00* 1.478 - Refer for NBFC license and other Note licenses from Reserve Bank of India to carry activity as per main object of the Company Development of financial NA 3.00 7.88* 3.000 - - Technology General corporate and other NA 1.88 3.00* 1.880 - - purposes Total 15.88 15.88 6.358 - - Jagsonpal Services Limited(Formerly known as Jagsonpal Finance & Leasing Limited) Registered Office:2, B Wing, 4thFloor, Connekt, Silver Utopia, Chakala, Andheri East, Airport(Mumbai), Mumbai-400099, Maharashtra, India. info@jagsonpal.co.in | +91 224099 6484| www.jagsonpal.co.in CCIN:L6622001100MH11999911PLCC4466700667 Note: * Pursuant to the approval of the members of the Company vide Special Resolution passed on 15th February, 2025, the Company had raised funds of Rs.15,88,12,500/- which the Company had proposed to utilize towards the objects. As on 30th June, 2026, the proceeds allocated towards development of financial technology and general corporate purposes wasfully utilised, but the funds allocated for“Attain eligibility and apply for NBFC license and other licenses from Reserve Bank of India to carry activity as per main object of the Company” were partially utilized. These fund allocations were based on certain anticipated timelines and actions which were delayed due to reason beyond the control of the Company, due to whichthe need for reallocation of funds arose. Considering the changed business environment, operational requirements and funding priorities of the Company, the Audit Committee and the Board of Directors at their respective meetings held on 29th June, 2026 and subsequently the shareholders by means of special resolution dated 31st July, 2026 by way of postal ballot through remote e-voting, approved the reallocation of the unutilized proceeds among the existing objects of the issue. Deviationorvariationcouldmean: (a) Deviationintheobjectsorpurposesforwhichthefundshavebeenraisedor (b) Deviationintheamountoffundsactuallyutilizedasagainstwhatwasoriginallydisclosedor (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. For Jagsonpal Services Limited (Formerly known as Jagsonpal Finance and Leasing Limited) KARTHIK Digitally signed by KARTHIK SRINIVASAN SRINIVASAN Date: 2026.08.14 17:21:19 +05'30' Karthik Srinivasan Chairman,Managing Director andChief Financial Officer DIN: 09805485 Jagsonpal Services Limited(Formerly known as Jagsonpal Finance & Leasing Limited) Registered Office:2, B Wing, 4thFloor, Connekt, Silver Utopia, Chakala, Andheri East, Airport(Mumbai), Mumbai-400099, Maharashtra, India. info@jagsonpal.co.in | +91 224099 6484| www.jagsonpal.co.in