Submission of Statement of Deviation as on 31st March 2026.
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JMJ Fintech Limited has filed a compliance statement confirming there is NO deviation or variation in the use of proceeds from its Right Issue conducted on August 21, 2025. The company raised a total of Rs. 25.69 crore (Rs. 25,18,36,316 from fully paid-up shares and Rs. 50,89,105 from partly paid-up shares). The funds were allocated for three purposes: augmenting capital base for NBFC activities (Rs. 19 crore), general corporate purposes (Rs. 6.72 crore), and issue expenses (Rs. 1.16 crore). The audit committee reviewed and confirmed no deviation on May 28, 2026. Capital base funds are nearly fully utilized (99.98%), while general corporate purposes shows only 8.22% utilisation so far.
This is a routine compliance filing with a positive confirmation of proper fund utilisation. No deviation means shareholders' capital is being deployed as promised in the Letter of Offer. The low utilisation of general corporate purpose funds is not a deviation but indicates the company is holding or deploying those reserves gradually.