JMJ Fintech Limited Submits Final Demand cum Forfeiture Notice for ₹7.35 Under Regulation 30

2 min read     Updated on 11 Mar 2026, 05:58 PM
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AI Summary

JMJ Fintech Limited has formally submitted its final demand cum forfeiture notice to BSE Limited under SEBI Regulation 30, targeting shareholders who have not paid the first and final call money of ₹7.35 per partly paid-up equity share. The notice provides a 15-day payment window from March 11-25, 2026, with failure to comply resulting in share forfeiture.

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JMJ Fintech Limited has submitted its final demand cum forfeiture notice to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice, dated March 10, 2026, serves as the last opportunity for shareholders holding partly paid-up equity shares to fulfill their payment obligations before facing potential forfeiture.

Regulatory Submission Details

The company has formally communicated to BSE Limited regarding the issuance of the final demand cum forfeiture notice to shareholders who have failed to pay the outstanding call money:

Parameter: Details
BSE Scrip Codes: 538834 and 890222
ISIN: IN9242Q01014
Regulation: SEBI LODR Regulation 30
Record Date: December 19, 2025
Notice Availability: Company and registrar websites

The submission was signed by Vidya Damodaran, Company Secretary and Compliance Officer (Membership no. A 69509), confirming the company's adherence to regulatory disclosure requirements.

Final Call Money Structure

The company is demanding payment of ₹7.35 per partly paid-up equity share from shareholders who have not responded to the original call notice dated December 03, 2025:

Component: Amount per Share
Face Value: ₹7.00
Share Premium: ₹0.35
Total Call Money: ₹7.35

The Board of Directors, in their meeting held on January 30, 2026, decided to provide this final opportunity while waiving the 10% per annum interest that was originally applicable for delayed payments.

Payment Timeline and Process

Shareholders have been given a specific window to make the required payment:

Parameter: Details
Payment Period: March 11, 2026 to March 25, 2026
Duration: 15 days
Payment Mode: Demand Draft or Cheque
Payable To: JMJ FINTECH LIMITED – CALL MONEY-ALLOTMENT ACCOUNT
Account Number: 8250516487

All payments must be sent to Purva Shareregistry (India) Private Limited at Office 9 Shiv Shakti Industrial Estate, J.R. Boricha Marg, Near Lodha Excelus, Lower Parel East, Mumbai - 400011. Cash payments will not be accepted under any circumstances.

Rights Issue Background

This final demand notice relates to the company's rights issue conducted under the Letter of Offer dated July 12, 2025:

Rights Issue Details: Specifications
Total Shares: Up to 2,56,00,000 partly paid-up equity shares
Face Value: ₹10.00 each
Issue Price: ₹10.50 per share
Premium: ₹0.50 per share
Total Amount: Up to ₹2660.00 lakhs

The trading of ₹3.00 partly paid-up equity shares (ISIN: INE242Q01016) has been suspended on stock exchanges since December 19, 2025, due to the pending call money payment. The ISIN has also been suspended by both NSDL and CDSL.

Consequences and Additional Information

Failure to pay the first and final call money by March 25, 2026, will result in forfeiture of the partly paid-up equity shares in accordance with the Companies Act, 2013, the company's Articles of Association, and the Letter of Offer. Shareholders making partial payments will have their money adjusted at ₹7.00 per partly paid-up equity share, with any balance amount refunded, but they will remain in arrears for unpaid shares.

The final demand notice is available on the company's website at www.jmjfintechltd.com and the registrar's website at www.purvashare.com for shareholders who have not received it directly.

JMJ Fintech Limited Announces Corporate Event for New Logo and Digital Lending App Launch

1 min read     Updated on 03 Mar 2026, 09:03 AM
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AI Summary

JMJ Fintech Limited has scheduled a corporate event for March 4, 2026, at Hyatt Regency Thrissur to unveil its new logo and launch digital lending application 'Money bro'. The BSE-listed NBFC announced this development through regulatory filing under SEBI LODR Regulations, highlighting the launch as a significant step in the company's digital initiatives and business expansion strategy.

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JMJ Fintech Limited has announced a corporate event to unveil its new logo and launch a digital lending application called 'Money bro'. The BSE-listed non-banking financial company informed the stock exchange about this significant development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Event Details

The corporate event is scheduled to take place on Wednesday, March 4, 2026, at Hyatt Regency Thrissur. The company has positioned this launch as a major milestone in its digital transformation journey.

Parameter: Details
Event Date: March 4, 2026
Venue: Hyatt Regency Thrissur
Purpose: New logo unveiling and app launch
Application Name: Money bro

Digital Lending Application Launch

The launch of 'Money bro' represents a significant step in JMJ Fintech Limited's digital initiatives and business expansion strategy. This digital lending application is expected to enhance the company's service offerings in the competitive fintech landscape. The application launch aligns with the company's broader digitalization efforts and demonstrates its commitment to leveraging technology for business growth.

Company Information

JMJ Fintech Limited operates as a non-banking financial company listed on the Bombay Stock Exchange. The company is headquartered in Coimbatore, Tamil Nadu, with its registered office located at Shop No 3, 1st Floor, Adhi Vinayaga Complex, No 3 Bus stand, Gopalsamy Temple Street, Ganapathy, Coimbatore.

Company Details: Information
CIN: L51102TZ1982PLC029253
BSE Scrip Code: 538834
Business Type: Non-Banking Financial Company
Location: Coimbatore, Tamil Nadu

Regulatory Compliance

The announcement was made in compliance with regulatory requirements, with Company Secretary and Compliance Officer Vidya Damodaran signing the official communication to the Bombay Stock Exchange. The filing ensures transparency and keeps stakeholders informed about significant corporate developments that may impact the company's business operations and strategic direction.

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