StockWatch
·
Non Banking Financial Company (NBFC)
Board Meeting18 Aug 2026, 02:25 pm

JMJ Fintech Approves ₹1.58 Cr Preferential Issue & ₹0.15 Dividend

AI Summary

JMJ Fintech Limited's Board of Directors, in a meeting held on August 18, 2026, approved a preferential issue of 7,90,000 equity shares at ₹20 per share, aggregating ₹1.58 crore. The issue price is based on a valuation report and is subject to shareholder approval. The Board also recommended a final dividend of ₹0.15 per equity share for FY 2025-26, payable within 30 days of the AGM. The 43rd AGM is scheduled for September 17, 2026, via Video Conferencing. Key intermediaries for e-voting were appointed, and CA Methil Rajalakshmy was appointed as an Additional Independent Director. Various committees were reconstituted.

Key Highlights

  • Board approved preferential issue of 7.9 lakh shares at ₹20 each, raising ₹1.58 crore.
  • Recommended final dividend of ₹0.15 per share for FY 2025-26.
  • AGM scheduled for September 17, 2026, via Video Conferencing.
  • Appointed CA Methil Rajalakshmy as Additional Independent Director.
  • Reconstituted Audit, Stakeholders Relationship, and Nomination Remuneration Committees.