JMJ Fintech Limited has recommended a final dividend of ₹0.15 per equity share of face value ₹10 each for the financial year ending March 31, 2026 (FY26). The Coimbatore-based non-banking financial company’s Board of Directors approved the payout during its meeting held on August 18, 2026. The dividend is subject to approval by shareholders at the ensuing 43rd Annual General Meeting (AGM). If approved, the dividend will be paid within 30 days from the date of the AGM.

Capital Raise Details

The board approved the preferential issue of 7,90,000 equity shares at an issue price of ₹20 per share (including a share premium of ₹10), aggregating to ₹1,58,00,000. This represents a reduction from the initially proposed cap of up to 16,00,000 equity shares mentioned in earlier disclosures. The issue price is not less than the floor price of ₹9.95 per share determined by registered valuer CA S Dehaleesan, with August 18, 2026, as the relevant date.

The allotment involves 48 individual non-promoter investors. Post-allotment, the total number of outstanding equity shares will increase from 3,76,45,548 to 3,84,35,548. The promoter holding will slightly dilute from 23.74% to 23.25%, while the public holding will rise from 76.26% to 76.75%, maintaining compliance with minimum public shareholding norms.

Governance and Committee Reconstitution

The board appointed CA Methil Rajalakshmy (DIN: 02718979) as an Additional Director in the capacity of Non-Executive Independent Director, effective August 18, 2026, for a first term of one year. This appointment is also subject to shareholder approval at the AGM. CA Rajalakshmy, a Fellow Member of the Institute of Chartered Accountants of India (FCA) with over 27 years of experience, has been added to the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

The new committee compositions are as follows:

• Audit Committee: CA Julie George Varghese (Chairperson), Mr Johny Madathumpady Lonappan (Member), CA Methil Rajalakshmi (Member).
• Nomination and Remuneration Committee: CA Sivadas Chettoor (Chairman), CA Julie George Varghese (Member), CA Methil Rajalakshmi (Member).
• Stakeholders Relationship Committee: CA Julie George Varghese (Chairperson), Mr Johny Madathumpady Lonappan (Member), CA Methil Rajalakshmi (Member).

AGM Logistics

The 43rd AGM is scheduled for September 17, 2026, at 11:30 am through video conferencing or other audio-visual means. The record date for determining eligibility for the final dividend and remote e-voting is fixed as September 10, 2026. Consequently, the register of members and share transfer books will remain closed from September 11, 2026, to September 17, 2026 (both days inclusive).

Central Depository Services (India) Limited (CDSL) has been appointed to provide remote e-voting facilities, while M/s Lakshmmi Subramanian & Associates will serve as the scrutinizer for the e-voting process.

JMJ Fintech Limited reported a robust start to FY26, posting a 71.2% year-on-year increase in net profit to ₹197.38 lakh for the quarter ended June 30, 2026. The BSE-listed non-banking financial company also saw its revenue from operations rise by 5.7% to ₹536.48 lakh, signaling improved operational efficiency and top-line momentum amid a competitive fintech landscape.

The Board of Directors, chaired by Managing Director Joju Madathumpady Johny, approved the unaudited financial results on August 10, 2026. The figures were subject to limited review by the company’s statutory auditors. The results were subsequently published in Makkal Kural and Financial Express on August 11, 2026, and filed with the Bombay Stock Exchange pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

The quarter’s profitability was bolstered by a significant jump in pre-tax profits, which rose to ₹263.84 lakh from ₹159.65 lakh in the corresponding period last year. This represents a 65.3% increase, outpacing the growth in revenue and indicating an expansion in operating margins.

While absolute profits surged, earnings per share (EPS) declined to ₹0.52 from ₹0.89 in Q1FY25. This divergence is attributed to a substantial increase in equity share capital, which expanded to ₹3,764.55 lakh from ₹1,280.00 lakh during the previous fiscal year, likely due to capital raising measures approved by the board earlier in the cycle.

Capital Structure and Regulatory Compliance

The dilution in EPS reflects the impact of JMJ Fintech’s recent capital expansion. The company had previously sought approval for a preferential issue of up to 16,00,000 equity shares and the issuance of secured, unlisted, unrated, redeemable, non-convertible debentures (NCDs) aggregating up to ₹2,00,00,000. These initiatives, aimed at strengthening the capital structure, are subject to shareholder approval at the ensuing Annual General Meeting and compliance with the Companies Act, 2013 and SEBI ICDR Regulations, 2018.

In adherence to the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in JMJ Fintech’s securities remains closed until 48 hours after the declaration of the board meeting outcome. The current tax provision includes the net tax of Minimum Alternate Tax (MAT) credit, as disclosed in the notes to the accounts. Segmental reporting under IND-AS 108 is not applicable for the quarter.