Board Meeting1 Oct 2026, 02:29 pm
JMJ Fintech Approves NCD Allotment & Loan Facility
AI Summary
JMJ Fintech Limited announced the outcome of its Board Meeting held on October 1, 2026. The board approved the allotment of 2,000 Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, on a private placement basis, for an aggregate amount not exceeding ₹2,00,00,000 (₹2 Crores). Additionally, the Managing Director was authorized to avail financial assistance/loan facilities from Shriram Finance Limited up to an aggregate limit of ₹5,00,00,000 (₹5 Crores). The NCDs will be secured by a first-ranking pari passu charge on the company's book debts and receivables.
Key Highlights
- Board approved allotment of NCDs worth ₹2 Crores.
- Managing Director authorized to secure loans up to ₹5 Crores.
- NCDs are secured by book debts and receivables.
- Meeting held on October 1, 2026.
- Company is a BSE listed Non-Banking Financial Company.
Price Impact
More from JMJFIN