Board Meeting1 Oct 2026, 02:35 pm
JMJ Fintech Approves NCD Allotment of ₹2 Cr, Loan Facility Up to ₹5 Cr
AI Summary
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 ₹2,00,00,000 (₹2 Crores). The NCDs are secured by a first-ranking pari passu charge on the company's book debts and receivables. Additionally, the Board authorized the Managing Director to avail financial assistance/loan facilities from Shriram Finance Limited, up to an aggregate limit of ₹5,00,00,000 (₹5 Crores), under Section 180(1)(c) of the Companies Act, 2013. The NCDs are not proposed to be listed.
Key Highlights
- Board approved allotment of NCDs worth ₹2 Crores.
- NCDs are secured by book debts and receivables.
- Loan facility of up to ₹5 Crores authorized from Shriram Finance.
- NCDs are unlisted and unrated.
- Meeting held on October 1, 2026.
Price Impact
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