JMJ FINTECH LIMITED’s Board of Directors convened on August 10, 2026, approving key strategic financial decisions. The board sanctioned a preferential issue of up to 16,00,000 equity shares and the issuance of secured, unlisted, non-convertible debentures (NCDs) aggregating up to ₹2,00,00,000 (₹2 Crores). These approvals are subject to shareholder and stock exchange consent, aiming to bolster the company’s capital structure and fund growth initiatives.
JMJ FINTECH BOARD APPROVES CAPITAL RAISING INITIATIVES
On August 10, 2026, the Board of Directors of JMJ FINTECH LIMITED met and passed resolutions approving significant capital-raising measures designed to enhance the company’s financial standing and operational capacity. The meeting, which commenced at 4:00 P.M. and concluded at 4:40 P.M., addressed several critical agenda items.
Preferential Issue of Equity Shares
The board gave its approval for a proposal to create, offer, issue, and allot up to 16,00,000 (Sixteen Lakhs) Equity Shares of face value ₹10/- each on a preferential basis. This is in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The appointment of CA S Dehaleesan as an IBBI Registered Valuer was also approved to conduct the valuation for this proposed preferential issue.
Issuance of Non-Convertible Debentures (NCDs)
In another significant decision, the company approved the issuance of Secured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹2,00,00,000/- (Rupees Two Crores only). This issuance will be on a private placement basis. The board also approved the core terms and conditions, the draft Private Placement Offer Letter (Form PAS-4), and the opening of an Escrow Account for this NCD issue. Key intermediaries were appointed, including IDBI Trusteeship Services Limited as the Debenture Trustee and M/s. SEP & Associates as Consultants.
Other Key Decisions
Further, the board approved the constitution of a functional Building Construction Committee to oversee infrastructure activities. Operational restructuring and revised authorization for bank account operations with Axis Bank were also approved. The company also noted the status of its BSE SOP Notice & Waiver Application concerning a past late submission fine and authorized designated officials to pursue the matter.
Financial Highlights
The Board also reviewed and approved the Unaudited Financial Results for the Quarter Ended June 30, 2026. The company reported a Profit Before Tax of ₹263.84 Lacs for the quarter, compared to ₹232.11 Lacs in the preceding quarter and ₹159.65 Lacs in the same quarter of the previous year. The Net Profit after tax stood at ₹197.38 Lacs.
Source: BSE
