StockWatch
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Non Banking Financial Company (NBFC)
Corporate Action13 May 2026, 04:51 pm

JMJ Fintech Forfeits 7,54,452 Partly Paid Shares

AI Summary

JMJ Fintech Ltd has announced the forfeiture of 7,54,452 partly paid-up equity shares due to the non-payment of the first and final call money. The decision was made during a Board of Directors meeting held on May 13, 2026. Shareholders were previously notified through call notices and reminders, but the funds remained unpaid. Consequent to the forfeiture, the paid-up equity share capital of the Company is 3,76,45,548 Equity Shares of ₹10/- each fully paid up aggregating to ₹37,64,55,480.

Key Highlights

  • JMJ Fintech forfeits 7,54,452 partly paid shares due to unpaid call money.
  • Forfeiture approved at Board of Directors meeting on May 13, 2026.
  • Shareholders were notified via call notices and reminders.
  • Paid-up equity share capital post forfeiture is ₹37,64,55,480.
  • Forfeiture is in accordance with Companies Act, Articles of Association, and Letter of Offer terms.