JM Financial Ltd reports 17 ESG-aligned mandates in FY26
JM Financial Limited filed its Business Responsibility and Sustainability Report for FY 2025-26, disclosing 17 ESG-aligned investment banking mandates and a ₹1.56 crore settlement with SEBI. The report outlines the company's ESG framework, including waste management and human rights assessments.
*this image is generated using AI for illustrative purposes only.
JM Financial Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, disclosing 17 ESG-aligned investment banking mandates and a ₹1.56 crore settlement with the Securities and Exchange Board of India (SEBI). The report, submitted pursuant to Regulation 34(2)(f) of the SEBI Listing Regulations, details the company's environmental, social, and governance initiatives.
The Investment Banking division executed 17 ESG-aligned deals during the year, focusing on sectors such as renewable energy, electric mobility, and sustainable infrastructure. The Private Equity business implemented an ESG Investment Policy, while the Portfolio Management Services business held 38 portfolio companies aligned with the NSE 100 ESG Index, representing 25% of its total portfolio value.
Regulatory Disclosures
The company reported a settlement with SEBI involving a payment of ₹1.56 crore towards settlement and ₹1.22 crore towards disgorgement. This settlement was for an alleged violation of regulations related to delisting and merchant banking for a client. The company also voluntarily opted for a debarment from acting as a lead manager in public debt issues for an additional three months starting September 19, 2025.
Environmental Performance
JM Financial reported total energy consumption of 2,318.39 GJ for FY 2025-26, with renewable sources accounting for 61.07 GJ. The company generated 6.98 metric tons of waste, of which 6.73 metric tons were recycled. Water consumption stood at 575.86 kilolitres. The company completed a Climate Risk Assessment and a Human Rights Assessment during the year.
Social and Governance Metrics
The company employed 258 employees as of March 31, 2026, with women comprising 34% of the workforce. No cases of sexual harassment or discrimination were reported. The company spent 0.11% of its total revenue on employee well-being measures. The Board of Directors included 9 members, with female representation at 11.11%.
| Metric | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Total Energy Consumption (GJ) | 2,318.39 | 2,251.85 |
| Renewable Energy (GJ) | 61.07 | 80.51 |
| Total Waste Generated (MT) | 6.98 | 2.47 |
| Water Consumption (KL) | 575.86 | 899.87 |
| Total Employees | 258 | 409 |
| Female Employees (%) | 34% | 34% |
The Risk Management and ESG Committee oversees the implementation of the company's ESG framework. SGS India Private Limited provided reasonable assurance on the selected non-financial disclosures included in the BRSR.
Historical Stock Returns for JM Financial
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.12% | -3.60% | +4.52% | -10.28% | -26.58% | +33.56% |
How will the voluntary three-month debarment from acting as a lead manager in public debt issues impact JM Financial's revenue pipeline for the upcoming fiscal year?
What specific strategies will JM Financial employ to reverse the decline in renewable energy usage from 80.51 GJ in FY 2024-25 to 61.07 GJ in FY 2025-26?
Will the reduction in total workforce from 409 to 258 employees affect the company's capacity to execute its growing number of ESG-aligned investment banking mandates?
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