Submission of the In-principle approval received from the Bombay Stock Exchange with respect to the proposed right issue of partly paid Equity shares.
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JMJ Fintech Ltd, an NBFC listed on BSE (Scrip Code: 538834), has received in-principle approval from the Bombay Stock Exchange for its proposed rights issue of partly paid-up equity shares. The BSE approval letter was issued on April 30, 2025, following the company's application dated February 19, 2025. The approval permits the company to use BSE's name in the Letter of Offer, subject to completing post-issue requirements and statutory compliances. Key next steps include fixing a record date (with at least 3 working days advance notice to the exchange), disclosing the rights issue price, and obtaining BSE approval for the basis of allotment. Specific details such as issue size, price, and record date have not yet been announced.
This is a procedural milestone clearing the way for a future capital raise via rights issue. Shareholders should watch for the upcoming record date announcement and rights issue price, as these will determine their entitlement and the dilution impact. The partly paid-up structure means shareholders may have staggered payment obligations.