Submission of Statement of Deviation for the quarter ended 30th September 2025.
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JMJ Fintech Ltd has submitted a quarterly compliance statement confirming no deviation or variation in the use of funds raised through its Rights Issue for the quarter ended September 30, 2025. The Rights Issue, opened on August 21, 2025, aims to raise a total of Rs. 26.88 crore from 2.56 crore partly paid-up equity shares, with Rs. 3.15 per share (Rs. 3 face value + Rs. 0.15 premium) called on application, collecting Rs. 8.06 crore (30% of total) at this stage. The funds were allocated as Rs. 19 crore for augmenting NBFC capital base, Rs. 6.72 crore for general corporate purposes, and Rs. 1.16 crore for issue expenses. During Q2 FY26, only Rs. 13.41 lakhs (general corporate purposes) and Rs. 46.09 lakhs (issue expenses) were utilized, with no spending yet on the main NBFC capital augmentation. The Audit Committee reviewed and had no comments, and the auditor also had no observations.
This is a routine compliance filing that reassures shareholders that Rights Issue funds are being used as originally disclosed, with no misuse or change of purpose. The low utilization rate in Q2 FY26 is expected since this was the first quarter after fundraising and remaining 70% of funds are yet to be called; investors should watch future quarterly filings to track actual deployment into NBFC operations.