News Corporate Actions JMJ Fintech Limited Issues Final Demand cum Forfeiture Notice for ₹7.35 Per Partly Paid-Up Equity ShareJMJ Fintech Limited Issues Final Demand cum Forfeiture Notice for ₹7.35 Per Partly Paid-Up Equity Share
JMJ Fintech Limited has issued a final demand cum forfeiture notice for ₹7.35 per partly paid-up equity share to shareholders who failed to pay the first and final call money. The payment deadline is March 25, 2026, with the Board waiving the 10% interest penalty. Failure to pay will result in share forfeiture under the Companies Act, 2013.
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JMJ Fintech Limited has issued a final demand cum forfeiture notice to shareholders holding partly paid-up equity shares who have failed to pay the outstanding call money. The notice, dated March 10, 2026, serves as the last opportunity for shareholders to fulfill their payment obligations before facing potential forfeiture of their shares.
Final Call Money Details
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. This amount is structured as follows:
| 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 to shareholders while waiving the 10% per annum interest that was originally applicable for delayed payments.
Payment Timeline and Instructions
Shareholders have been given a 15-day window to make the required payment:
| Parameter: | Details |
|---|---|
| Payment Period: | March 11, 2026 to March 25, 2026 |
| Duration: | 15 days |
| Last Date: | March 25, 2026 |
| Payment Mode: | Demand Draft or Cheque |
| Payable To: | JMJ FINTECH LIMITED – CALL MONEY-ALLOTMENT ACCOUNT |
All payments must be sent to Purva Shareregistry (India) Private Limited at their Mumbai office located at 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.
Consequences of Non-Payment
The notice clearly states that failure to pay the first and final call money by the specified deadline will result in forfeiture of the partly paid-up equity shares. This action would be taken in accordance with:
- The Companies Act, 2013
- The company's Articles of Association
- The Letter of Offer dated July 12, 2025
Shareholders who make partial payments will have their money adjusted at ₹7.00 per partly paid-up equity share, with any balance amount that cannot be adjusted for a complete share being refunded. However, they will still be considered in arrears for the remaining unpaid shares.
Background and Context
This final demand notice relates to the company's rights issue of up to 2,56,00,000 partly paid-up equity shares of face value ₹10.00 each at a price of ₹10.50 per share, aggregating up to ₹2660.00 lakhs. The rights issue was conducted on the basis of the Letter of Offer dated July 12, 2025.
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.
Additional Information
Shareholders who have not received the final demand notice can download it from the company's website at www.jmjfintechltd.com or the registrar's website at www.purvashare.com . The notice is being sent electronically to shareholders whose email addresses are registered with the company or its registrar, while physical copies are being dispatched to all affected shareholders.
The company has emphasized that this represents the final opportunity for shareholders to retain their partly paid-up equity shares by fulfilling their payment obligations within the stipulated timeframe.
