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.

KJMC Financial Services has fixed September 21, 2026 as the record date for determining shareholder eligibility for the final dividend for the financial year ended March 31, 2026 (FY26). The Mumbai-based non-banking financial company (NBFC) previously reported a 100% increase in standalone net profit to ₹16.3 crore for FY26, up from ₹8.1 crore in the prior year.

The Board of Directors had recommended a final dividend of ₹1 per equity share of face value ₹10 each, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The meeting is scheduled for September 28, 2026.

Financial Performance

Total revenue from operations on a standalone basis rose to ₹59.3 crore in FY26, compared to ₹49.2 crore in FY25. This growth was primarily driven by higher income from shares and securities trading, which increased to ₹38.1 crore from ₹34.4 crore in the prior year. Interest income also grew significantly to ₹15.6 crore from ₹9.1 crore.

Despite the revenue growth, total expenses remained relatively stable at ₹39.8 crore, down slightly from ₹40.3 crore in FY25. This cost discipline contributed to the expansion in profit before tax, which more than doubled to ₹23.5 crore from ₹12.0 crore.

Balance Sheet & Capital Structure

The company’s total assets decreased to ₹1,088.6 crore as of March 31, 2026, from ₹1,646.9 crore in the previous year. This reduction was largely due to a decline in investments, which fell to ₹962.7 crore from ₹1,609.4 crore. Conversely, loans outstanding surged to ₹102.3 crore from ₹12.6 crore, indicating a strategic shift towards lending activities.

Borrowings increased substantially to ₹133.2 crore from ₹40.8 crore in FY25, driven by secured loans against pledged shares and property mortgages. The debt-equity ratio rose to 0.16 from 0.03, reflecting this increased leverage to fund lending operations.

Governance & Board Changes

The AGM will see the re-appointment of Mrs. Shraddha Rajnesh Jain as a Non-Executive Director retiring by rotation. Additionally, shareholders will vote on the appointment of Mr. Ramesh Chandra Jain as an Independent Director and the re-appointment of Mr. Shyam Ramsharan Khandelwal for a second five-year term.

Mr. Rajnesh Jain, the Whole-Time Director, will be re-appointed for another three years with remuneration not exceeding ₹1.2 crore per annum. The company also seeks approval for material related-party transactions with KJMC Capital Market Services Limited up to ₹100 crore annually.

What the Numbers Show

While operational profitability doubled, the company’s comprehensive income turned negative due to unrealised fair value losses on equity investments designated at fair value through other comprehensive income (FVOCI). A realised FVOCI gain of ₹94.0 crore was transferred to retained earnings, helping offset accumulated deficits and bringing the profit and loss account balance to a surplus of ₹95.0 crore.