JMJ Fintech Limited has confirmed that there is no deviation or variation in the utilization of funds raised through its recent Rights Issue. As per the disclosure for the quarter ended June 30, 2026, all proceeds were used in line with the objects stated in the ‘Letter of Offer.’ The total amount raised was ₹26,32,54,777.80, and its utilization was reviewed by the Audit Committee.
Confirmation of Fund Utilization
JMJ Fintech Limited has issued a statement confirming that there has been no deviation or variation in the utilization of funds raised via its Rights Issue. This confirmation pertains to the financial quarter ending June 30, 2026.
Details of the Rights Issue
The Rights Issue, which offered 2,48,45,548 fully paid-up equity shares at ₹10.50 each and 7,54,452 partly paid-up equity shares at ₹3.15 each, raised a total of ₹26,32,54,777.80. The company has detailed the utilization of these funds in Annexure A, indicating adherence to the original objectives outlined in the ‘Letter of Offer’ dated July 12, 2025.
Audit Committee Review
Furthermore, a statement confirming the absence of any deviation or variation in the utilization of these proceeds for the quarter ended June 30, 2026, has been duly reviewed by the Audit Committee through circulation. This confirmation was made on August 10, 2026, and is enclosed as part of the submission.
Source: BSE
