Jio Financial Services Limited (JFSL), a prominent player in India's financial sector, has announced a crucial board meeting scheduled for July 30, 2025. The primary agenda of this meeting is to deliberate on various fund-raising proposals, signaling potential strategic moves for the company's future growth and expansion.

Key Points of the Announcement

• Meeting Date: The Board of Directors will convene on Wednesday, July 30, 2025.
• Purpose: To consider and evaluate proposals for raising funds through multiple avenues.
• Potential Methods: The board will explore various fund-raising options, including:
  • Rights issue
  • Preferential issue
  • Qualified institutions placement (QIP)
  • Other potential methods or a combination thereof

Focus Areas

1. Securities Issuance: The board will discuss the possibility of issuing securities, equity shares, or warrants.
2. Pricing Strategy: Determination of issue prices for the potential fund-raising activities will be a key topic of discussion.
3. Regulatory Compliance: Any decisions made will be subject to necessary regulatory and statutory approvals.

Implications for Investors

This announcement is significant for JFSL's shareholders and potential investors. The company's move to explore various fund-raising options could indicate plans for:

• Expansion of operations
• Investment in new technologies or services
• Strengthening the company's financial position

Investors should note that this meeting is exploratory in nature, and concrete decisions regarding fund-raising will be subject to board approval and regulatory clearances.

Company's Official Statement

In an official communication to the BSE Limited and the National Stock Exchange of India Limited, Mohana V, Group Company Secretary and Compliance Officer of Jio Financial Services Limited, stated:

"A meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, July 30, 2025, to consider and evaluate proposals for raising funds by way of issue of securities / equity shares / warrants including through rights issue, preferential issue, qualified institutions placement or any other methods or combination thereof including determination of issue price subject to such regulatory / statutory approvals as may be required."

This announcement, made in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, underscores JFSL's commitment to transparency and regulatory adherence.

As the financial services landscape in India continues to evolve, Jio Financial Services Limited's upcoming board meeting could potentially set the stage for significant developments in the company's financial strategy and market position. Stakeholders will be keenly watching for the outcomes of this crucial meeting and any subsequent announcements from the company.

Jio Financial Services Limited (JFSL) has reported a robust financial performance for the first quarter, marking significant growth across its diverse business segments.

Strong Revenue Growth and Profitability

The company's consolidated total income for Q1 stood at Rs 619.00 crores, representing a substantial 48% year-on-year increase from Rs 418.00 crores in the same quarter of the previous year. This growth was primarily driven by the company's expanding operations across lending, payments, and asset management sectors.

Jio Financial Services maintained profitability amid its growth phase, with consolidated profit after tax reaching Rs 325.00 crores, compared to Rs 313.00 crores in the same quarter last year. The company's pre-provisioning operating profit (PPoP) for the quarter was Rs 366.00 crores, up 8% year-on-year.

Lending Business Sees Exponential Growth

Jio Credit Limited, the company's lending arm, witnessed remarkable expansion in its Assets Under Management (AUM). The AUM surged from Rs 217.00 crores to an impressive Rs 11,665.00 crores, showcasing the rapid scaling of its lending operations.

Asset Management Venture Makes Strong Debut

The joint venture with BlackRock, Jio BlackRock Asset Management Private Limited, made a significant impact in its debut. The company's maiden New Fund Offering (NFO) raised over Rs 17,800.00 crores, making it one of the largest cash and debt fund NFOs in India. This success underscores the strong market reception for Jio Financial Services' entry into the asset management space.

Payments Business Shows Promising Growth

Jio Payments Bank saw substantial growth, with deposits increasing by 206% year-on-year to Rs 358.00 crores. The bank's customer base expanded to 2.58 million from 0.96 million. Additionally, the Payment Solutions business recorded a Transaction Processing Volume of Rs 7,717.00 crores, marking a 93% year-on-year increase.

Strategic Developments

During the quarter, Jio Financial Services completed the acquisition of SBI's remaining 14.96% stake in Jio Payments Bank for Rs 105.00 crores, making it a wholly-owned subsidiary. This move aligns with the company's strategy to strengthen its position in the digital banking sector.

Digital Engagement

The company's digital platforms continued to show strong traction, with the JioFinance app averaging 8.1 million monthly active users during the quarter. This high level of engagement reflects the growing adoption of Jio Financial Services' digital offerings.

Management Commentary

Hitesh Sethia, MD & CEO of Jio Financial Services Limited, commented on the results: "Our aspiration is to build a financial service institution of long-term national significance — one that is structurally sound, digitally enabled, and aligned with India's economic priorities. The foundation we laid in the last two years is now translating into meaningful traction across our businesses, bringing us closer to our goal."

As Jio Financial Services continues to expand its presence across various financial services segments, the company remains well-capitalized with a consolidated net worth of Rs 1.40 lakh crores, providing a solid foundation for future growth initiatives.