JM Financial Limited has informed the Exchange that in reference to our letter dated February 20, 2025, wherein we had intimated about receipt of the refund order from the Tax Authorities for an amount aggregating Rs. 230 Crore (Copy enclosed for your ready reference).Pursuant to the above order, please be informed that the Company has now received an amount of Rs. 223.32 Crore, as and by way of income tax refund, against the above refund order after the Tax Authorities making certain tax adjustments. The email intimation about the refund amount being credited to the Company s bank account was received on November 14, 2025, at 5:10 p.m. (IST).
JMFINANCIL · price
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JM Financial Limited has received an income tax refund of Rs. 223.32 Crore, which was credited to the company's bank account on November 14, 2025. This follows a refund order of Rs. 230 Crore issued by the Tax Authorities, from which certain tax adjustments were made, reducing the final amount received. The company had previously intimated the exchange about the refund order on February 20, 2025. The net cash inflow of Rs. 223.32 Crore will strengthen the company's liquidity position.
This is a positive development for shareholders as it boosts the company's cash reserves by over Rs. 223 Crore, improving liquidity and potentially supporting future business operations or reducing borrowings. The small reduction from the ordered amount (Rs. 230 Crore to Rs. 223.32 Crore) due to tax adjustments is minor and unlikely to materially affect sentiment.