JMJ Fintech Approves NCD Allotment and Loan Facility

JMJ Fintech Limited's Board of Directors met on October 1, 2026, approving the allotment of 2,000 Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating up to ₹2 Crores. The company also authorized its Managing Director to avail financial assistance/loan facilities from Shriram Finance Limited, up to an aggregate limit of ₹5 Crores. The NCDs are secured by a first-ranking pari passu charge on the company's book debts and receivables. The meeting also discussed the redemption of debentures out of profits or fresh issue.