JMJ Fintech Approves NCD Issuance Up to ₹7 Cr, Director Changes

JMJ Fintech Limited's Board of Directors, in a meeting held on October 22, 2026, approved several key proposals. These include the issuance of Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹7 Crores (₹7,00,00,000) on a private placement basis. The board also approved an increase in the loan limit to JMJ Finance Limited, a related party, from ₹10 Crores to ₹15 Crores, subject to shareholder approval. Significant management changes were also approved, including the appointment of Mrs. Shiny Joju as Executive Director, and the re-appointment and re-designation of Mr. Johny Madathumpady Lonappan and Mr. Joju Madathumpady Johny to new directorial roles. Shareholder approval via postal ballot is required for these changes and the NCD issuance. The company has fixed October 23, 2026, as the cut-off date for the postal ballot.