JMJ Fintech Limited has scheduled a Board of Directors meeting for October 22, 2026, to deliberate on the issuance of non-convertible debentures (NCDs) worth up to ₹7 crore. The agenda also includes proposals to increase financial assistance to a related party and significant changes to the company’s leadership structure.

The meeting, to be held via video conference, is convened pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key items on the agenda include the proposal to increase the loan limit or financial assistance extended to M/s. JMJ Finance Limited, a related party, subject to shareholder approval where applicable.

Leadership restructuring

The board will consider the appointment of Mrs. Shiny Joju as an Executive Director. Additionally, the existing leadership team faces redesignation proposals. Mr. Johnny M. L. is proposed for reappointment and redesignation from Executive Chairman to Executive Director. Concurrently, Mr. Joju M. J. is slated for reappointment and redesignation from Managing Director to Chairman & Managing Director.

Capital raising and compliance

The proposal to issue NCDs up to ₹7 crore indicates a potential avenue for debt capital raising. Following the announcement, the trading window for dealing in the securities of JMJ Fintech remains closed in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s code of conduct. The window will reopen 48 hours after the declaration of the board meeting outcomes.

JMJ Fintech Limited has allotted Non-Convertible Debentures (NCDs) worth ₹2 crore and authorized a loan facility of ₹5 crore from Shriram Finance Limited. The Board of Directors approved these financial measures during its meeting held on October 1, 2026.

The NCD allotment involves 2,000 secured, unlisted, unrated, redeemable debentures with a face value of ₹10,000 each. These instruments were issued on a private placement basis. Concurrently, the Board authorized the Managing Director to avail financial assistance from Shriram Finance under Section 180(1)(c) of the Companies Act, 2013.

NCD Allotment Details

The company issued two series of NCDs with fixed coupon rates and monthly interest payments. The securities are secured by a first-ranking pari passu charge on the company's book debts and receivables.

The total aggregate amount for the NCD issue does not exceed ₹2 crore. The date of allotment for both schemes is October 1, 2026. Interest payments commenced on November 1, 2026, and will continue monthly until maturity.

Loan Facility Authorization

The Board granted authority to the Managing Director to secure loan facilities from Shriram Finance Limited up to an aggregate limit of ₹5 crore. This authorization is intended to meet the company's financial assistance requirements. The meeting was conducted via Video Conference mode, commencing at 11:30 am and concluding at 2:00 pm.

Regulatory Compliance and Trading Window

The intimation was filed pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the Trading Window for dealing in its securities remains closed in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company's Code of Conduct.

The trading window is set to re-open 48 hours after the declaration or outcome of the Board Meeting. This restriction ensures compliance with insider trading norms during the sensitive period leading up to the announcement of the board's decisions. The filing was signed by Vidya Damodaran, Company Secretary and Compliance Officer.