JMJ Fintech MD acquires 350,500 shares worth ₹33.57 lakh

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Reviewed by
Riya DScanX News Team
Key Highlights
  • Managing Director Joju Madathumpady Johny purchased 350,500 equity shares
  • Transaction value recorded at ₹33.57 lakh on the open market
  • Personal stakeholder holding increased from 0.10% to 1.04%
  • Trade executed on BSE Limited on September 24, 2026
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JMJ Fintech Limited Managing Director Joju Madathumpady Johny acquired 350,500 equity shares of the company through open market transactions on September 24, 2026. The total transaction value stood at ₹33.57 lakh, excluding taxes and brokerage charges.

This acquisition marks a significant increase in the promoter group's holding. Prior to this purchase, Johny held 39,434 shares, representing 0.10% of the company's equity. Post-acquisition, his shareholding has risen to 389,934 shares, constituting 1.04% of the total voting rights.

Transaction Details

The disclosure was filed with BSE Limited under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trade was executed entirely on the BSE platform.

Metric Pre-Transaction Post-Transaction
Number of Shares 39,434 389,934
Percentage Holding 0.10% 1.04%
Transaction Type Purchase Purchase
Mode On Market On Market

Stakeholder Profile

Joju Madathumpady Johny serves as both the Managing Director and a member of the promoter group for JMJ Fintech. The company is listed as a Non-Banking Financial Company (NBFC) with its registered office in Coimbatore, Tamil Nadu.

What the Numbers Show

The MD's stake jumped from 0.10% to 1.04% following the single-day acquisition. This represents a nearly tenfold increase in his personal equity participation, signaling strong confidence from the management team regarding the company's current valuation or future outlook.

Historical Stock Returns for JMJ Fintech

1 Day5 Days1 Month6 Months1 Year5 Years
-2.27%-1.56%-0.32%+2.93%-37.32%+100.21%

Will JMJ Fintech's promoter group continue to increase their equity stake in the coming quarters to signal further confidence?

How might this significant insider buying influence institutional investor sentiment and the stock's trading volume on the BSE?

Are there upcoming regulatory filings or strategic announcements from JMJ Fintech that could explain the MD's timing of this acquisition?

JMJ Fintech independent director Velayudhanpillai Harikumar ceases office

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • Velayudhanpillai Harikumar ceased as independent director on September 24, 2026
  • Departure occurred upon completion of second term of office
  • Board now includes two independent directors and one additional independent director
  • Filing made under Regulation 30 of SEBI LODR Regulations, 2015
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51794603

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JMJ Fintech Limited announced that Velayudhanpillai Harikumar ceased to be an independent director effective September 24, 2026. His departure follows the completion of his second term of office.

The cessation was intimated to the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Harikumar’s tenure expired at the close of business hours on September 24, 2026.

Updated board composition

Following this change, the Board of Directors comprises five members, including two independent directors and one additional independent director. The updated composition is as follows:

Director Name Designation DIN
Joju Madathumpady Johnny Managing Director 02712125
Johnny Madathumpady Lonappan Whole-time Director 00017895
Sivadas Chettoor Independent Director 01773249
Julie George Varghese Independent Director 09274826
Rajalakshmy Methil Additional Independent Director 02718979

Regulatory disclosure details

The filing specifies that the reason for the change is the completion of tenure as an independent director. No brief profile or relationship disclosures were applicable for this cessation event. The information is available on the company’s website for investor reference.

Historical Stock Returns for JMJ Fintech

1 Day5 Days1 Month6 Months1 Year5 Years
-2.27%-1.56%-0.32%+2.93%-37.32%+100.21%

Will JMJ Fintech appoint a replacement independent director to restore the board to its previous size, or will it operate with the current five-member structure?

How might the reduction in board members impact the company's compliance with SEBI's minimum independent director requirements for small-cap listed entities?

Are there any pending strategic initiatives or governance reforms that were under Harikumar's oversight which may face delays due to his departure?

More News on JMJ Fintech

1 Year Returns:-37.32%