Board Meeting outcome for the meeting held on Tuesday,22nd April 2025.
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The Board of JMJ Fintech Ltd (an NBFC listed on BSE, scrip 538834) met on April 22, 2025 and approved the standalone audited financial results for Q4 and FY ended March 31, 2025 with an unmodified (clean) auditor opinion from Mahesh C. Solanki & Co. FY25 total income from operations rose to about Rs. 530.63 Lacs (FY24: Rs. 434.59 Lacs), while Profit Before Tax jumped sharply to Rs. 948.56 Lacs vs Rs. 395.76 Lacs last year; Profit After Tax, however, came in lower at Rs. 216.91 Lacs (FY24: Rs. 270.97 Lacs) after a Rs. 189.83 Lacs provision for RBI Standard Reserve. Total assets nearly doubled to Rs. 4,805.34 Lacs (FY24: Rs. 2,744.51 Lacs) with loans and advances at Rs. 4,236.95 Lacs and subordinated debts at Rs. 2,006.70 Lacs, reflecting aggressive balance sheet expansion. The Board also appointed Mr. Nidheesh P Anto as Internal Auditor for FY26, Lakshmmi Subramanian & Associates as Secretarial Auditor for a 5-year term, constituted a CSR Committee, reconstituted the Audit and Nomination & Remuneration Committees, raised the Federal Bank daily transaction limit to Rs. 1 Crore, designated Mr. Justin Thomas as Grievance Redressal Officer, and confirmed non-acceptance of public deposits.
Strong PBT growth and a doubling of total assets show the NBFC is scaling up its lending book, but the sharp drop in PAT due to RBI reserve provisioning and weak EPS (Rs. 1.93 vs Rs. 4.08) may weigh on near-term investor sentiment. A clean audit, new auditors, and committee reconstitutions point to improved governance discipline.