StockWatch
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Non Banking Financial Company (NBFC)
Clarification10 Oct 2026, 03:29 pm

JMJ Fintech Corrects NCD Allotment Details in Board Meeting Outcome

AI Summary

JMJ Fintech Limited has filed a revised outcome of its Board Meeting held on October 1, 2026, to correct a clerical oversight. The company initially reported the allotment of 2,000 Non-Convertible Debentures (NCDs) aggregating to ₹2 Crores. The revised outcome clarifies that 1,900 Secured, Unlisted, Unrated, Redeemable NCDs were allotted on a private placement basis, with an aggregate issue size of ₹1.90 Crores (₹190 Lakhs). All other resolutions, including the authorization for financial assistance up to ₹5 Crores from Shriram Finance Limited, remain unchanged.

Key Highlights

  • JMJ Fintech corrects clerical error in NCD allotment details.
  • Revised NCD allotment: 1,900 NCDs aggregating ₹1.90 Crores.
  • Original filing incorrectly stated 2,000 NCDs for ₹2 Crores.
  • Authorization for ₹5 Crores financial assistance remains unchanged.
  • Revised outcome submitted to BSE and updated on company website.