KJMC Financial Services held its 38th Annual General Meeting on September 28, 2026, via video conferencing. The meeting addressed routine business, including the adoption of financial statements for FY26 and the declaration of dividends.

The Chairman briefed members on the company's operations for the year ended March 31, 2026. Voting on all resolutions was conducted through remote e-voting and electronic voting during the meeting, with results to be announced within two working days.

Resolutions passed

The agenda included ordinary and special business items. Key appointments and approvals sought by shareholders are detailed below:

Governance and compliance details

The meeting was chaired by Girish I. Jain, Chairman and Non-Executive Director. All Directors and Key Managerial Personnel attended virtually. The statutory auditors, secretarial auditors, and scrutinizer were also present via video conferencing.

Attendance data showed 38 participants, comprising 4 promoters and 34 public shareholders. Remote e-voting commenced on September 24, 2026, and concluded on September 27, 2026. An additional 15-minute window was provided after the meeting for members present to cast their votes.

Voting results and scrutiny

The Consolidated Scrutinizer's Report, submitted by CS Mohammed Aabid of Aabid & Co., confirmed that all resolutions were passed with the requisite majority. For most ordinary and special resolutions, such as the adoption of financial statements and the appointment of directors, the votes polled were 100% in favor with zero votes against.

However, specific items saw dissent from public non-institutional shareholders:

• Material Related Party Transaction (Resolution 8): Passed with 99.88% in favor and 0.12% against.
• Commission Payment to Promoter Group (Resolution 9): This resolution was voted on only by public shareholders as promoters were interested in the matter. It passed with 98.98% in favor and 1.02% against.
• NCD Issuance (Resolution 10): Passed with 99.96% in favor and 0.04% against.

What the Numbers Show

The voting pattern reveals a strong alignment between management and the majority of public shareholders, with dissent remaining below 1.1% even on sensitive issues like related-party transactions and promoter commissions. The near-unanimous approval for the issuance of NCDs suggests shareholder comfort with the company's strategy to secure funding through private placements, complementing the governance stability ensured by the re-appointment of key promoter group directors.

KJMC Financial Services has announced that remote e-voting for its 38th Annual General Meeting (AGM) will open on Thursday, September 24, 2026, at 9:00 am. The meeting is scheduled for Monday, September 28, 2026, at 4:00 pm. Shareholders can cast their votes electronically until Sunday, September 27, 2026, at 5:00 pm.

The company notified the BSE Limited under Regulation 44 of the SEBI (LODR) Regulations, 2015, regarding these facilities. NSDL and CDSL will provide the e-voting platform and conduct the VC/OAVM proceedings. CS Mohammad Aabid of Aabid & Co. will serve as the scrutinizer for the vote count.

E-Voting Schedule

The cut-off date for determining e-voting entitlement is Monday, September 21, 2026. Investors holding shares as of this date are eligible to participate in the remote e-voting process.

Financial Performance

The company’s total revenue grew to ₹63,293 lakh in FY26, up from ₹52,241 lakh in FY25. This revenue expansion supported a sharp rise in bottom-line figures. Profit before tax (PBT) more than doubled to ₹23,452 lakh, compared to ₹11,979 lakh in the previous year. Consequently, net profit for the period reached ₹16,296 lakh, a substantial increase from ₹8,123 lakh in FY25.

What the Numbers Show

The divergence between revenue growth and profit expansion indicates improved operational leverage or cost efficiency during FY26. While revenue increased by approximately 21% year-on-year, net profit surged by roughly 100%. This disproportionate growth suggests that fixed costs remained stable while variable income scaled, or that one-time gains contributed significantly to the bottom line, although the filing attributes the performance to general business operations.

AGM Agenda Items

Shareholders will vote on several key resolutions at the meeting, which will be conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM).

• Dividend Declaration: A final dividend of ₹1.00 per equity share of face value ₹10 each.
• Debt Issuance: Authorization to issue Non-Convertible Debentures (NCDs) or other debt securities on a private placement basis, aggregating up to ₹50 crore within one year.
• Related Party Transactions: Approval for material transactions with KJMC Capital Market Services Limited, capped at ₹100 crore annually, conducted at arm’s length.
• Director Appointments:
  • Re-appointment of Mrs. Shraddha Jain as Non-Executive Director.
  • Appointment of Mr. Ramesh Chandra Jain as Independent Director for a five-year term starting August 10, 2026.
  • Re-appointment of Mr. Shyam Ramsharan Khandelwal as Independent Director for a second five-year term.
  • Re-appointment of Mr. Rajnesh Jain as Whole-Time Director for three years, with remuneration not exceeding ₹1.2 crore per annum.
• Auditor Appointment: M/s TLB & Co. Chartered Accountants will be appointed as Statutory Auditors for four years, following the merger of the previous auditors, M/s V P Thacker & Co., with M/s Lodha & Bhatt.
• Promoter Commission: Payment of commission to promoter-group directors up to 10% of net profit before tax, computed under Section 198 of the Companies Act, 2013.