KJMC Corporate Advisors seeks ₹20 crore fund raise at 28th AGM
- Proposed raising of funds up to ₹20 crore through securities issuance
- Approval sought for material related party transactions with subsidiaries
- Re-appointment of two Independent Directors for five-year terms
- Commission payment to promoter group directors capped at 10% of net profit
*this image is generated using AI for illustrative purposes only.
KJMC Corporate Advisors (India) Ltd convened its 28th Annual General Meeting on September 29, 2026, via video conferencing. The meeting focused on key corporate actions, including a special resolution to raise funds of up to ₹20 crore through the issue of securities.
The board also sought shareholder approval for material related party transactions involving its wholly owned subsidiary, KJMC Capital Market Services Limited. These transactions were with Puja Trades & Investments Private Limited and KJMC Financial Services Limited. Additionally, the company proposed paying commission to directors forming part of the promoter group, capped at 10% of net profit before tax for the preceding financial year.
Governance and directorial changes
The agenda included the re-appointment of several key personnel. Girish I. Jain, Executive Director, was offered re-appointment as he retired by rotation. Two Non-Executive Independent Directors, Shyam Ramsharan Khandelwal and Pranjali Bhandari, were proposed for re-appointment for further terms of five consecutive years each. These appointments required special resolutions due to the nature of their independent status and term extensions.
Voting and attendance details
The meeting was chaired by Rajnesh I. Jain, Chairman and Non-Executive Director. Statutory auditors, secretarial auditors, and the scrutinizer attended virtually. The remote e-voting period ran from September 24 to September 28, 2026. Results are to be declared within two working days of the meeting's conclusion.
| Resolution | Particulars | Type |
|---|---|---|
| 1 | Adoption of Audited Financial Statements for FY26 | Ordinary |
| 2 | Declaration of Dividend for FY26 | Ordinary |
| 3 | Re-appointment of Girish I. Jain as Executive Director | Ordinary |
| 4 | Re-appointment of Shyam Ramsharan Khandelwal as Independent Director | Special |
| 5 | Re-appointment of Pranjali Bhandari as Independent Director | Special |
| 6 | Material RPT with Puja Trades & Investments Pvt Ltd | Ordinary |
| 7 | Material RPT with KJMC Financial Services Ltd | Ordinary |
| 8 | Commission payment to Promoter Group Directors | Special |
| 9 | Fund raising up to ₹20 crore via securities issue | Special |
What the numbers show
The proposal to raise ₹20 crore represents a significant capital allocation move for the merchant banker. This amount is specifically earmarked for issues through any permitted mode, indicating flexibility in the capital structure strategy. The inclusion of multiple material related party transactions in the same agenda suggests ongoing operational interdependencies between the parent entity and its subsidiaries or affiliated private limited entities.
Historical Stock Returns for KJMC Corporate Advisors
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.31% | -3.17% | -16.22% | +26.68% | -22.39% | +92.69% |
How will the ₹20 crore capital raise impact KJMC's debt-to-equity ratio and overall cost of capital?
What specific strategic initiatives or business expansions are planned for the funds raised through the securities issue?
How might the continued material related party transactions with affiliated entities affect KJMC's regulatory compliance and investor confidence?
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