JMJ FinTech Limited has announced the outcome of its Board Meeting held on August 18, 2026. The board approved a preferential issue of 7,90,000 Equity Shares at an issue price of Rs. 20 per share. Additionally, a final dividend of Rs. 0.15 per Equity Share for the Financial Year 2025-26 was recommended, subject to shareholder approval at the upcoming AGM. The company also fixed the date for its 43rd Annual General Meeting (AGM) for September 17, 2026.
JMJ FinTech Board Meeting Highlights
JMJ FinTech Limited convened its Board Meeting on Tuesday, August 18, 2026, where several key financial and corporate governance decisions were made. The meeting, which commenced at 11:30 A.M. and concluded at 2:00 P.M., resulted in the approval of a preferential issue and the recommendation of a final dividend for shareholders.
Preferential Issue Approved
The Board approved the issue and offer of 7,90,000 (Seven Lakh Ninety Thousand) Equity Shares of face value Rs. 10/- each. These shares will be issued at a price of Rs. 20 per share, which includes a share premium of Rs. 10. This preferential issue, to be conducted on a private placement basis, aims to raise capital aggregating up to Rs. 1,58,00,000 (Rupees one crore fifty-eight lakh only). The issue price was determined based on a valuation report, adhering to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The proposed issue is subject to shareholder approval at the ensuing Annual General Meeting (AGM), along with in-principle approval from BSE Limited and other regulatory bodies.
Dividend Recommendation
A final dividend of Rs. 0.15 per Equity Share of face value Rs. 10/- each for the Financial Year 2025-26 has been recommended by the Board. This recommendation is contingent upon the approval of shareholders at the upcoming 43rd Annual General Meeting (AGM). If approved, the dividend will be paid within 30 days from the date of the AGM.
AGM Details and Record Date
The company has fixed Thursday, September 17, 2026, as the date for its 43rd Annual General Meeting (AGM). The meeting will commence at 11:30 A.M. and will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The Record Date for determining the entitlement of members to the final dividend and for remote e-voting eligibility has been set as Thursday, September 10, 2026. Consequently, the Register of Members and Share Transfer Books will remain closed from Friday, September 11, 2026, to Thursday, September 17, 2026, inclusive.
Key Intermediaries Appointed
For the smooth conduct of the AGM, Central Depository Services (India) Limited (CDSL) has been appointed to provide remote E-Voting facilities. Furthermore, M/s. Lakshmmi Subramanian & Associates, Practicing Company Secretaries, have been appointed as the Scrutinizer to oversee the remote e-voting and e-voting during the AGM process.
Appointment of Additional Director
Based on the recommendations of the Nomination and Remuneration Committee, the Board has approved the appointment of CA Methil Rajalakshmy as an Additional Director in the capacity of Non-Executive Independent Director. This appointment is effective from August 18, 2026, for a tenure of one year, subject to shareholder approval at the AGM.
Committee Reconstitution
The Board also approved the reconstitution of the Audit Committee, Stakeholders Relationship Committee, and Nomination Remuneration Committee. The new compositions for these committees are detailed in Annexure E.
The full details of these disclosures are available on the company’s website: https://jmjfintechltd.com/.
Source: BSE
