Please find attached annual secretarial compliance report under Regulation 24A(2) of SEBI Listing Regulations for the financial year ended March 31, 2026.
JMFINANCIL · price
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JM Financial Limited submitted its Annual Secretarial Compliance Report for FY 2025-26 to BSE and NSE. The report from Shroff Negandhi and Associates LLP confirms the company largely complied with SEBI regulations, though it identified prior year observations that have been addressed. Key current year matters include: (1) A SEBI Settlement Order dated September 19, 2025 where JM Financial paid Rs 1.56 crore as settlement plus Rs 1.22 crore disgorgement for violations related to public issue of debt securities, with an additional 3-month debarment as lead manager; (2) A Show Cause Notice under SEBI ICDR Regulations that was disposed without adverse action. Several subsidiaries (JMFSL, JMFPL, JMFISL, JMFARC, AMC) also faced minor regulatory actions including small fines, warning letters, and advisory notices from BSE, NSE, and MCX during the review period.
The SEBI settlement and debarment represent regulatory scrutiny on the company's merchant banking operations. However, since the matters have been largely settled without severe penalties and the SCN was disposed without action, the impact on stock price may be limited. The minor penalties on subsidiaries are administrative in nature and unlikely to materially affect JM Financial's financials.