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.

JMJ Fintech Limited shareholders voted in favor of all four resolutions passed during the 43rd Annual General Meeting held on September 29, 2026. The approvals included the adoption of financial statements, director re-appointments, and the declaration of a final dividend for FY26.

The meeting was conducted via video conferencing in compliance with MCA and SEBI circulars permitting virtual general meetings. Remote e-voting was facilitated by Central Depository Services (India) Limited, allowing members to cast votes electronically prior to and during the session.

Voting outcomes on ordinary business

Shareholders overwhelmingly supported the ordinary resolutions. The adoption of audited financial statements for the year ended March 31, 2026, received 99.99% support. Similarly, the re-appointment of Joju Madathumpady Lonappan as a director and the declaration of the final dividend on equity shares each secured 99.99% of the valid votes cast.

Special resolution on independent director

The special resolution regarding the regularization of CA Methil Rajalakshmy’s appointment as an Independent Director also passed with a substantial majority. This item required a three-fourths majority, which was comfortably met with 99.99% of the total votes received in favor.

What the Numbers Show

A distinct pattern emerges in the voting behavior between promoter and public shareholders. Promoters and the promoter group, holding 8,936,148 shares, voted unanimously in favor of Resolutions 1, 3, and 4. However, they abstained from voting on Resolution 2 (Director Re-appointment), likely due to conflict of interest rules as the promoter group is interested in this agenda item.

Public non-institutional shareholders, who held 28,708,900 shares, participated actively across all items. Their participation rate was approximately 20.75% of their total holdings. Notably, dissenting votes were minimal but present: 6 shares against the re-appointment and dividend declarations, and 207 shares against the independent director regularization. The concentration of dissent in the public sector, while negligible in percentage terms, highlights specific shareholder concerns regarding governance appointments.