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 has received an ESG rating of 66, classified as "Strong," from ESG Risk Assessments and Insights Limited (ESG Risk.ai), a SEBI-registered ESG Rating Provider under Category I. The company disclosed this development to the stock exchanges on January 1, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR).

ESG Rating Details

The ESG assessment was conducted based on data pertaining to FY 2024-25, with the company receiving the report on December 31, 2025. The rating evaluates the company's performance across Environmental, Social, and Governance parameters.

Independent Assessment

JM Financial Limited clarified that it had not engaged ESG Risk.ai for the ESG rating process. The rating provider independently assigned the ESG score based on information available in the public domain. This approach reflects the growing trend of unsolicited ESG assessments by rating agencies to provide market participants with sustainability insights.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A, Part A of Schedule III of the SEBI Listing Regulations and SEBI Master Circular dated November 11, 2024. Company Secretary and Compliance Officer Hemant Pandya signed the disclosure document, ensuring proper regulatory compliance.

Market Context

ESG ratings have become increasingly important for investors and stakeholders in evaluating companies' sustainability practices and long-term viability. The "Strong" rating of 66 indicates that JM Financial Limited demonstrates robust performance across environmental, social, and governance metrics based on publicly available information.