Submission of Final Demand cum Forfeiture Notice pursuant to Right Issue.
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Awaiting price reaction for this filing.
JMJ Fintech Ltd, a BSE-listed NBFC, has issued a Final Demand cum Forfeiture Notice to shareholders who failed to pay the First and Final Call money on partly paid-up rights equity shares. The company had issued up to 2.56 crore partly paid-up shares at ₹10.50 each (₹10 face value + ₹0.50 premium), aggregating up to ₹26.60 crore on a rights basis via a Letter of Offer dated July 12, 2025. Shareholders initially paid ₹2.65 per share and are now being asked to pay the remaining ₹7.35 per share (₹7.00 face value + ₹0.35 premium) by March 25, 2026. The Board, at its January 30, 2026 meeting, waived the 10% per annum interest penalty on non-payment. Failure to pay will result in forfeiture of shares, including the amount already paid. Trading in the partly paid-up shares has been suspended on stock exchanges since December 19, 2025.
This is a final warning — delinquent shareholders will permanently lose their rights shares and money already invested if they don't pay by March 25, 2026. The waiver of interest is a positive concession for those who want to complete their subscription, but the share forfeiture risk is negative for non-paying holders.