JMJ Fintech confirms no deviation in Rights Issue fund utilization

JMJ Fintech Limited confirmed no deviation in the utilization of proceeds from its Rights Issue as of March 31, 2026, in compliance with SEBI Regulation 32. The company raised a total of ₹25,69,25,421 through the Rights Issue, comprising fully paid-up and partly paid-up equity shares. The funds were utilized as per the "Letter of Offer" dated July 12, 2025. Specifically, ₹25,18,36,316 was from fully paid-up shares and ₹50,89,105 from partly paid-up shares. The utilization includes allocations for NBFC activities (₹1899.66 Lakhs utilized against ₹1900.00 Lakhs allocated), General Corporate Purposes (₹55.26 Lakhs utilized against ₹672.00 Lakhs allocated), and Issue Related Expenses (₹104.56 Lakhs utilized against ₹116.00 Lakhs allocated). The Audit Committee reviewed and confirmed this statement on May 28, 2026.