JMJ FinTech Limited’s Board of Directors convened on August 10, 2026, to discuss and approve several key strategic initiatives. Notably, the board greenlit a preferential issue of up to 16,00,000 equity shares at a face value of ₹10 each. Additionally, the company approved the issuance of Secured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹2 Crores, with interest rates ranging from 12.00% to 12.50%.
JMJ FinTech Board Approves Key Funding Initiatives
On August 10, 2026, the Board of Directors of JMJ FinTech Limited held a meeting where they considered and approved several significant proposals aimed at strengthening the company’s financial standing and growth prospects. The meeting commenced at 4:00 P.M. and concluded at 4:40 P.M.
Preferential Issue of Equity Shares
The board has approved a proposal to create, offer, issue, and allot up to 16,00,000 (Sixteen Lakhs) Equity Shares. These shares will have a face value of ₹10/- each and will be offered on a preferential basis, in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company also approved the appointment of an IBBI Registered Valuer, CA S Dehaleesan, to conduct the valuation of Equity Shares for this proposed preferential issue.
Issuance of Non-Convertible Debentures (NCDs)
JMJ FinTech Limited also approved the issuance of Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs). The total aggregate value of these NCDs is up to ₹2,00,00,000/- (Rupees Two Crores only). The issuance will be on a private placement basis, either in one or more tranches. The board approved the core terms and conditions, the draft Private Placement Offer Letter (Form PAS-4), the opening of an Escrow Account, and the execution of necessary agreements.
Key Intermediaries Appointed for NCD Issue
To facilitate the NCD issuance, the company has appointed IDBI Trusteeship Services Limited as the Debenture Trustee. Furthermore, M/s. SEP & Associates have been appointed as Consultants for advisory and compliance services related to the NCD issue.
Other Approvals
The board also approved the constitution of a functional Building Construction Committee to oversee and monitor construction activities. Additionally, operational restructuring and revised authorization for designated officials to operate the company’s bank account with Axis Bank were approved. Treasury investment in Chit Funds (Kuries) was also sanctioned as part of fund diversification.
Financial Results
The board reviewed and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. These results were reviewed and recommended by the Audit Committee.
Source: BSE
