News Corporate Actions JMJ Fintech Limited Issues Final Demand Notice for ₹7.35 Per Partly Paid-Up Equity ShareJMJ Fintech Limited Issues Final Demand Notice for ₹7.35 Per Partly Paid-Up Equity Share
JMJ Fintech Limited has issued a final demand notice for ₹7.35 per partly paid-up equity share, comprising ₹7.00 face value and ₹0.35 premium, with payment deadline of March 25, 2026. The company has waived the 10% annual interest penalty and warns that non-payment will result in forfeiture of shares including amounts already paid. This relates to the company's rights issue of 2,56,00,000 shares aggregating ₹2660.00 lakhs.
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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 BSE-listed non-banking financial company is providing one last opportunity for shareholders to settle their dues before proceeding with forfeiture proceedings.
Final Call Payment Details
The company's board of directors, at their meeting held on January 30, 2026, approved the issuance of this final demand notice for shareholders who have not paid the first and final call money following the original notice dated December 03, 2025.
| Parameter: | Details |
|---|---|
| Call Amount Per Share: | ₹7.35 |
| Face Value Component: | ₹7.00 |
| Share Premium Component: | ₹0.35 |
| Payment Deadline: | March 25, 2026 |
| Payment Period: | March 11, 2026 to March 25, 2026 (15 days) |
Rights Issue Background
The final call 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, issued at ₹10.50 per share including a premium of ₹0.50. The total rights issue size aggregates to ₹2660.00 lakhs, offered to eligible equity shareholders on a rights basis.
Interest Waiver and Payment Terms
In a significant relief to shareholders, the board has decided to waive the 10% annual interest penalty that was mentioned in the original first and final call money notice dated December 03, 2025. This waiver applies to all shareholders making payments under the final demand notice.
Payment Instructions:
- Mode: Cheque or demand draft only (cash not accepted)
- Payable to: "JMJ FINTECH LIMITED – CALL MONEY-ALLOTMENT ACCOUNT"
- Submission: Through Purva Sharegistry (India) Private Limited, Mumbai
- Account Number: 8250516487
Consequences of Non-Payment
Shareholders who fail to pay the first and final call money by March 25, 2026 will face forfeiture of their partly paid-up equity shares. The forfeiture will include the amount already paid on these shares, in accordance with the Companies Act, 2013, the company's Articles of Association, and the Letter of Offer.
For partial payments, the company will adjust amounts at ₹7.00 per partly paid-up equity share, with any balance that cannot be adjusted for a complete share being refunded. However, shareholders will remain "in arrears" for unpaid portions.
Trading Suspension and Administrative Details
The trading of ₹3.00 partly paid-up equity shares has been suspended on stock exchanges since December 19, 2025, due to the first and final call. The ISIN INE242Q01016 representing these shares has also been suspended by both NSDL and CDSL.
Shareholders can access the final demand notice on the company's website at www.jmjfintechltd.com or through the registrar's website at www.purvashare.com . The notice is being dispatched electronically to shareholders with registered email addresses and physically to all other eligible shareholders.
Historical Stock Returns for JMJ Fintech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.32% | -24.75% | -27.98% | -30.85% | -21.45% | +602.70% |
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