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.

JMJ Fintech reported a 47% year-on-year increase in profit after tax to ₹7.59 crore for the financial year ended March 31, 2026. Total income rose over 28% to ₹21.99 crore, driven by expansion in loan assets which stood at ₹71.69 crore at year-end.

The company announced these results during its 43rd Annual General Meeting held on September 29, 2026, via video conference. The Board recommended a final dividend of ₹0.15 per equity share of face value ₹10, subject to shareholder approval.

Financial performance and asset quality

The NBFC maintained stable asset quality metrics alongside its revenue growth. As of March 31, 2026, the Gross Non-Performing Assets (GNPA) ratio was 3.32%, while the Net Non-Performing Assets (NNPA) ratio stood at 2.26%.

Strategic initiatives and governance

During the meeting, Managing Director Joju Madathumpady Johnny highlighted the launch of "Money bro," the company's new digital lending application, as a key development for the year. He emphasized the firm's focus on responsible growth and strengthening internal processes.

Shareholders approved all resolutions set out in the AGM notice, including:

• Adoption of annual accounts for FY26
• Re-appointment of Whole-Time Director Johnny Madathumpady Lonappan
• Declaration of the final dividend
• Regularization of CA Methil Rajalakshmy as an Additional Independent Director

What the numbers show

The disparity between the 28% revenue growth and the 47% profit growth indicates significant operating leverage or margin expansion within JMJ Fintech's business model. While loan assets grew to ₹71.69 crore, the relatively low NNPA of 2.26% suggests that this asset expansion was achieved without a corresponding deterioration in credit quality, supporting the higher profitability.