Jayabharat Credit Limited has experienced a significant change in its shareholding structure as Motor & General Finance Limited substantially reduced its stake through an off-market transaction, according to a recent disclosure.

Transaction Details

The off-market sale, which took place on September 8, 2025, involved 772,300 shares of Jayabharat Credit Limited. This represents approximately 15.45% of the company's total equity share capital. As a result of this transaction, Motor & General Finance's stake in Jayabharat Credit has decreased from 43.45% to 28.00%.

Shareholding Impact

The following table illustrates the change in Motor & General Finance's shareholding in Jayabharat Credit Limited:

Company Information

Jayabharat Credit Limited's shares are listed on the Bombay Stock Exchange (BSE). The company's total equity share capital remains unchanged at 5,000,000 shares both before and after the transaction.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Motor & General Finance Limited confirmed that it does not belong to the promoter or promoter group of Jayabharat Credit Limited.

This significant reduction in stake by Motor & General Finance Limited may have implications for the ownership structure of Jayabharat Credit Limited. Investors and market participants will likely be monitoring any further developments or changes in the company's shareholding pattern.

Jayabharat Credit Limited (JCL), a Mumbai-based financial services company, has announced its unaudited financial results for the first quarter of the fiscal year 2025-26 and made key corporate governance decisions in a board meeting held on August 6, 2025.

Q1 FY2026 Financial Performance

The company reported a net loss of ₹26.63 lakh for the quarter ended June 30, 2025, compared to a loss of ₹22.37 lakh in the corresponding quarter of the previous year. Total expenses for the quarter stood at ₹26.61 lakh, primarily consisting of other expenses amounting to ₹21.54 lakh.

JCL's financial position shows signs of strain, with the company reporting no revenue from operations for the quarter. The loss per share (basic and diluted) for the quarter was ₹0.53, compared to ₹0.45 in the same quarter last year.

Key Financial Metrics

Corporate Governance Updates

In addition to approving the financial results, the Board of Directors made several key decisions:

1. Approval of Draft Directors Report: The board approved the draft Directors Report for the financial year ended March 31, 2025.

2. Appointment of Secretarial Auditor: Mr. Prashant S. Mehta of M/s. P. Mehta & Associates has been appointed as the Secretarial Auditor for a five-year term from April 1, 2025, to March 31, 2030. This appointment is subject to shareholder approval at the upcoming 82nd Annual General Meeting (AGM).

3. AGM Notice: The board approved the draft notice for the 82nd AGM.

New Secretarial Auditor Profile

Mr. Prashant S. Mehta, the newly appointed Secretarial Auditor, brings significant experience to the role:

• Holds ACS No. 5814
• Law graduate and member of the Institute of Company Secretaries of India (ICSI) since 1987
• Extensive experience in company law compliance matters
• His firm, M/s. P. Mehta & Associates, holds a valid Peer Review Certificate (No. 2354/2022) until June 30, 2027

Going Concern Issues

The company's auditors have highlighted material uncertainty related to JCL's status as a going concern. As of June 30, 2025, the company has accumulated losses of ₹7,580.30 lakh against a paid-up share capital of ₹500.00 lakh. Despite these challenges, the financial results have been prepared on a going concern basis.

The board meeting, which commenced at 12:30 p.m. and concluded at 1:30 p.m., addressed these critical financial and governance matters.