Postal ballot on board reshuffle and higher JMJ Finance lending limit
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Voting runs 27 October to 25 November 2026 on four items: appoint Shiny Joju as executive director for five years at Rs 50,000 monthly, subject to RBI approval; move Johny Madathumpady Lonappan from executive chairman to executive director and reappoint Joju Madathumpady Johny as chairman and managing director, each for five years; and raise related JMJ Finance's lending limit from Rs 10 crore to Rs 15 crore. Johny's move starts 1 Dec 2026.
Vote covers a board reshuffle and 50 percent higher lending limit to related JMJ Finance. Approval may aid continuity but raises governance risks.