BSEJMJ Fintech LtdMediumNeutral
Announced Wed, 3 Dec · 17:12 IST

Approved the making of first and final call of Rs. 7.35/- (out of which Rs. 7.00 will be adjusted towards face value and Rs. 0.35 will be adjusted towards securities premium) on the 2,56,00,000 ....

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AI summary

The board of JMJ Fintech Ltd approved the first and final call of Rs. 7.35 per share on 2.56 crore partly paid-up equity shares that were allotted via a rights issue on August 21, 2025. Of the Rs. 7.35, Rs. 7.00 will go towards face value (taking paid-up value from Rs. 3 to Rs. 10) and Rs. 0.35 towards securities premium. This brings in approximately Rs. 18.82 crore to the company. The record date for eligible shareholders is December 19, 2025, and the payment window runs from January 7 to January 27, 2026. Separately, the board authorised construction of an office building and obtaining a credit rating from Acuite Ratings & Research.

Likely market impact

Shareholders who hold these partly paid-up rights shares must pay Rs. 7.35 per share by January 27, 2026, or risk forfeiture of their shares. The conversion to fully paid-up status adds roughly Rs. 18.82 crore to the company's capital, strengthening its balance sheet as an NBFC.