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

























