JM Financial Limited has formally disclosed to the stock exchanges that Mr. Gagan Kothari will cease to be a Senior Management Person of the company effective May 1, 2026. The cessation is consequent upon his internal transfer to JM Financial Services Limited (JMFSL), a wholly owned subsidiary of the company. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI LODR regulations.

Official Communication Details

The company issued an official letter dated May 1, 2026, to both stock exchanges providing formal notification of the management change. The communication was digitally signed by Hemant Vijay Pandya, Company Secretary & Compliance Officer, at 11:00:56 +05'30' on May 1, 2026. The disclosure includes the company's security code 523405 on BSE and trading symbol JMFINANCIL.

Management Transition Specifics

The company has provided comprehensive details regarding the management change pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The transfer involves Mr. Gagan Kothari, who held the position of Executive Director & Chief Operating Officer - Integrated Investment Bank.

Corporate Information

JM Financial Limited operates with Corporate Identity Number L67120MH1986PLC038784 and maintains its registered office at 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025. The company has requested both stock exchanges to take the information on record and disseminate it on their websites as deemed appropriate. The transfer represents an internal restructuring within the JM Financial group, with the executive moving to the company's wholly owned subsidiary while maintaining continuity within the organization.

JM Financial Limited's promoter has filed a mandatory regulatory disclosure with stock exchanges, declaring that no encumbrance was created during the financial year 2025-26. The disclosure demonstrates compliance with SEBI takeover regulations and provides transparency regarding promoter shareholding arrangements.

Regulatory Disclosure Details

J.M. Financial and Investment Consultancy Services Private Limited, acting as a promoter of JM Financial Limited, submitted the disclosure on April 02, 2026, to both BSE Limited and National Stock Exchange of India Limited. The communication was made pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.

Encumbrance Declaration

The promoter entity has categorically declared that during the financial year 2025-26, no direct or indirect encumbrance was created by the promoter, promoter group, or persons acting in concert with them. This declaration covers all forms of encumbrance that could potentially affect the promoter's shareholding in JM Financial Limited.

Regulatory Compliance

The disclosure represents adherence to SEBI's transparency requirements under the takeover regulations. Regulation 31(4) mandates promoters to disclose any encumbrance created on their shareholding, ensuring market participants have access to material information that could impact corporate control or shareholding patterns.

The communication was signed by Nimesh Kampani, Executive Chairman of J.M. Financial and Investment Consultancy Services Private Limited, and submitted to the corporate services departments of both stock exchanges for record-keeping purposes.