JM Financial Limited has informed the Exchange about change in Management
JMFINANCIL · price
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On the reaction day the stock moved 2.8 pts more than Nifty Smallcap 250 and 2.4 pts more than its Holding Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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JM Financial's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Consolidated net profit for FY25 stood at Rs. 996.85 crore versus Rs. 353.37 crore in FY24, though Q4 included an exceptional item of Rs. 846.86 crore in the Alternative & Distressed Credit segment. Standalone net profit rose to Rs. 538.74 crore from Rs. 309.60 crore. A dividend of Rs. 2.70 per share was recommended, subject to shareholder approval. The board appointed Mr. Hariharan Ramamurthi Aiyar (DIN: 01374306) as an Additional (Non-Executive) Director and also appointed Shroff Negandhi and Associates LLP as Secretarial Auditors for five years (FY26–FY30). Additionally, five executives including the COO, MDs and the Group CISO were formally designated as Senior Management Persons. The 40th AGM is scheduled for August 12, 2025.
The new non-executive director and formal SMP designations point to a strengthening of the management and governance structure ahead of the AGM. The sharply higher profits and a Rs. 2.70 dividend are shareholder-friendly, though the large exceptional item in the distressed credit business and the ongoing SEBI overhang on lead manager activities remain watchpoints.