JMJ Fintech Board Approves Director Changes & NCD Issue

JMJ Fintech Limited's Board of Directors met on October 22, 2026, approving several key changes. These include the appointment of Mrs. Shiny Joju as Executive Director, the re-appointment and re-designation of Mr. Johny Madathumpady Lonappan, and the re-appointment and re-designation of Mr. Joju Madathumpady Johny. The board also approved increasing the loan limit to a related party entity, JMJ Finance Limited, from ₹10 Crores to ₹15 Crores, subject to shareholder approval. Additionally, the company will issue Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹7 Crores (₹7,00,00,000) on a private placement basis. IDBI Trusteeship Services Limited has been appointed as the Debenture Trustee. A postal ballot will be conducted for shareholder approval on these matters, with October 23, 2026, set as the cut-off date.