Submission of Intimation regarding Purchase of Land for Business Purpose.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
JMJ Fintech Ltd, a Coimbatore-based NBFC (formerly Meenakshi Enterprises Limited), has purchased land in Chembukkavu Village, Thrissur District, Kerala, for a total consideration of ₹3,79,13,000 (approximately ₹3.79 crore). The land spans 6.70 Ares and was acquired on December 17, 2025, following board approval on August 12, 2025. The purpose of the acquisition is to build a new office for the company. The transaction is not a related-party deal and was carried out through banking channels. The company has stated the purchase aligns with long-term operational needs and will not adversely affect its financial or operational position.
This is a routine capital expenditure for office infrastructure. Shareholders should note the company is deploying roughly ₹3.79 crore into physical assets, which could indicate growth ambitions but also ties up cash that could otherwise support lending or NBFC operations.