JM Financial Limited has completed the inter-se transfer of equity shares between promoter group members, with SNK Investments Private Limited successfully acquiring shares from Aruna Nimesh Kampani. The transaction, originally disclosed under SEBI SAST Regulations in December 2025, has now been completed with detailed post-transaction disclosures filed on January 1, 2026.

Transaction Completion Details

SNK Investments Private Limited acquired exactly 9,21,250 equity shares from Aruna Nimesh Kampani at ₹144.20 per share, excluding brokerage and taxes. The acquisition price remained within the regulatory framework specified under Regulation 10(1)(a) of the SAST Regulations.

Shareholding Pattern Changes

The completed transaction resulted in the following changes to shareholding patterns:

Promoter Group Holdings Unchanged

Despite the inter-se transfer, the overall promoter and promoter group shareholding in JM Financial Limited remained stable:

Regulatory Compliance

The transaction was completed under the exemption provided by Regulation 10(1)(a)(ii) of the SEBI SAST Regulations for inter-se transfers among promoter group members. SNK Investments Private Limited filed the requisite disclosure under Regulation 10(6) with both BSE Limited and National Stock Exchange of India Limited.

The disclosure was signed by Ankita Gokani, Company Secretary of SNK Investments Private Limited, confirming compliance with all applicable regulatory requirements and timelines specified under the SAST Regulations.

JM Financial Limited , a prominent player in India's financial services sector, has been assigned an Environmental, Social, and Governance (ESG) score of 73.8 by SES ESG Research Private Limited, a SEBI-registered ESG Rating Provider. This score, which translates to a Grade B+, was based on data from the fiscal year 2024-25.

Key Points of the ESG Rating

Unsolicited Rating Process

It's important to note that this ESG rating was not solicited by JM Financial. SES ESG Research independently assessed the company using publicly available information, without any direct engagement from JM Financial. This approach highlights the growing importance of ESG factors in the financial sector, even when companies do not actively seek such ratings.

Disclosure and Transparency

In line with regulatory requirements, JM Financial promptly disclosed this information to the stock exchanges. The company's disclosure, dated December 9, 2025, was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) and the SEBI Master Circular dated November 11, 2024.

Implications for Investors

The B+ grade suggests a relatively strong ESG performance. However, investors should consider that:

1. The rating was unsolicited and based solely on public information.
2. ESG ratings can vary between different rating providers due to methodological differences.
3. This score provides an additional metric for assessing JM Financial's overall corporate performance and sustainability practices.

As ESG factors continue to gain prominence in investment decisions, such ratings offer insights into a company's non-financial performance and long-term sustainability outlook.