JM Financial Limited has informed 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.

Details of the Change

The company has provided specific details regarding the management change pursuant to SEBI Master Circular dated January 30, 2026. The transfer involves Mr. Gagan Kothari, who held the position of Executive Director & Chief Operating Officer - Integrated Investment Bank.

Company Information

The disclosure was signed by Hemant Vijay Pandya, Company Secretary & Compliance Officer of jm financial . The company's registered office is located at 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025. JM Financial Limited's Corporate Identity Number is L67120MH1986PLC038784, and its security code on BSE is 523405 with the trading symbol JMFINANCIL.

The company has requested the 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.

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.