Jagsonpal Services Approves ₹10 Crore Related Party Elanistech Asset Acquisition

Board approved BTA for related-party acquisition of software platform, assets, IP and HR from Elanistech Pvt Ltd for Rs 10 Cr cash, in 3 months, subject to shareholder approval. First external tech buy for pre-revenue fintech after prolonged in-house build delay to kickstart revenue; seller is promoter-linked, newly formed with nil turnover and negative net worth. Ten-crore cash pricing for month-old related entity raises governance and valuation questions; funding source, asset detail, arm's-length basis and revenue timeline undisclosed.