JM Financial Limited has submitted the Exchange a copy Srutinizers report and Voting Results of the 40th Annual General Meeting held on August 12, 2025
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JM Financial Limited held its 40th AGM on August 12, 2025 via video conferencing, where all 10 resolutions were passed with the requisite majority. Shareholders approved the audited standalone and consolidated financial statements for FY ended March 31, 2025, and the declaration of dividend on equity shares for FY25 (resolution passed with 99.99% approval). Mr. Nimesh Kampani was re-appointed as director via special resolution (98.34% in favour), and Mr. Hariharan Ramamurthi Aiyar was appointed as Non-Executive, Non-Independent Director (99.52% in favour). Shroff Negandhi and Associates LLP was appointed as Secretarial Auditors for a five-year term from FY26 to FY30. Four resolutions approved material related party transactions with JM Financial Products, JM Financial Services, JM Financial Asset Reconstruction Company, and inter-subsidiary transactions, each passing with over 96.9% approval. Promoters (holding ~56.5% stake) abstained from voting on related party resolutions as required, while voting unanimously in favour on all others.
This is a routine post-AGM regulatory disclosure confirming shareholder approval of all agenda items, with no material surprises. The strong approval margins (mostly above 99%) reflect healthy shareholder confidence, and the passing of related party transaction resolutions ensures business continuity between JM Financial group entities without operational disruption. No material stock price impact expected.