The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Johny M L
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JMJ Fintech's promoter Johny M L, along with the promoter group, has increased their shareholding by subscribing to the company's Rights Issue. The promoter group was allotted 70,79,588 equity shares on August 21, 2025, raising their stake from 14.50% to 23.27% of the post-issue capital. Individually, Johny M L received 70,04,720 shares, taking his holding from 14.47% to 23.07%. As a result of the rights issue, the company's equity capital expanded from Rs. 12.80 crore to Rs. 20.48 crore, including 2.56 crore partly paid-up shares (Rs. 3 paid-up per share). Total fully diluted share capital after the allotment stands at Rs. 38.40 crore, equivalent to 3.84 crore shares.
This signals strong promoter confidence in the company's growth prospects, as promoters have invested additional capital through the rights issue. Retail investors may view this positively, as higher promoter skin-in-the-game often supports share price sentiment, though the partly paid-up share structure means further capital contributions may be called later.