JMJ Fintech Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/05/2026 ,inter alia, to consider and approve 1. To approve forfeiture of partly ....
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JMJ Fintech Ltd, a BSE-listed Non-Banking Financial Company (NBFC) with scrip code 538834, has announced a board meeting scheduled for May 13, 2026. The primary agenda is to approve the forfeiture of partly paid-up shares where final call money remains unpaid despite demand notices. This is a routine corporate action where the company recovers shares from shareholders who have failed to pay the required amount. The company is based in Coimbatore, Tamil Nadu.
Existing shareholders are unlikely to be directly affected unless they hold partly paid shares with pending payments. Forfeited shares are typically reissued by the company, potentially affecting future capital structure. This is a standard risk mitigation measure and generally neutral for shareholders with fully paid holdings.