Meeting of Rights issue committee approving revised dates with respect to Rights issue of the company.
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JMJ Fintech Limited (an NBFC listed on BSE) is launching a Rights Issue of up to 2.56 crore partly paid-up equity shares at ₹10.50 each (including ₹0.50 premium), aggregating up to ₹26.88 crore, in a 2:1 ratio (two rights shares for every one fully paid-up share held). The Record Date is July 11, 2025. The Rights Issue Committee has approved revised dates: the issue opens on July 18, 2025, last date for on-market renunciation is August 11, 2025, and the issue closes on August 14, 2025. Investors pay ₹3.15 per share (30%) on application and the balance ₹7.35 (70%) on one or more future calls determined by the Board. Promoter Johny M L is the sole promoter, and Kotak Mahindra Bank is the banker to the issue.
Existing shareholders must decide whether to subscribe to their entitlement by August 14, 2025 or let it lapse. Because the shares are partly paid-up, only 30% (₹3.15) is due upfront, with the rest on future calls — diluting equity gradually and putting capital-raising pressure on the small-cap NBFC.