We hereby submit Statement of deviation or variation in use of proceeds raised through right issue for quarter ended 31st December, 2025.
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Awaiting price reaction for this filing.
JMJ Fintech Ltd, a Coimbatore-based NBFC, has confirmed that there is no deviation or variation in the use of proceeds from its rights issue. The company raised Rs. 8.06 crore during the quarter (30% on application) as part of a total rights issue of Rs. 26.88 crore through 2.56 crore partly paid-up equity shares priced at Rs. 3.15 each on application. Funds raised in August 2025 are being used as originally planned: Rs. 695.28 lakhs deployed this quarter toward augmenting capital base for NBFC activities, Rs. 19.27 lakhs for general corporate purposes, and Rs. 57.07 lakhs for issue-related expenses. The Audit Committee reviewed the statement and raised no comments.
This is a routine compliance filing confirming proper use of raised funds with no deviations, which is a neutral to slightly positive signal for shareholders as it reflects governance discipline. No material impact on stock price expected.