Meeting Details

  • AGM Date: August 3, 2026
  • Record Date for Remote e-voting: July 27, 2026
  • Total Shareholders on Record Date: 180,854
  • Meeting Attendance: 23 promoter/promoter group shareholders and 66 public shareholders attended in person or through proxy
  • Meeting Mode: Physical mode (no video conferencing attendance)

Voting Results Overview

Total outstanding shares: 95,69,59,936 (956,959,936 shares)

Resolution 1: Adoption of audited standalone financial statements for FY26
  • Resolution Type: Ordinary
  • Total Votes Polled: 76,19,78,280 shares (79.6249% of outstanding)
  • In Favor: 76,19,77,207 shares (99.9999% of votes polled)
  • Against: 1,073 shares (0.0001% of votes polled)
  • Result: Passed
Resolution 2: Adoption of audited consolidated financial statements for FY26
  • Resolution Type: Ordinary
  • Total Votes Polled: 76,19,74,180 shares (79.6245% of outstanding)
  • In Favor: 76,19,73,105 shares (99.9999% of votes polled)
  • Against: 1,075 shares (0.0001% of votes polled)
  • Result: Passed
Resolution 3: Declaration of final dividend for FY26
  • Resolution Type: Ordinary
  • Total Votes Polled: 76,37,24,954 shares (79.8074% of outstanding)
  • In Favor: 76,37,24,321 shares (99.9999% of votes polled)
  • Against: 633 shares (0.0001% of votes polled)
  • Result: Passed
Resolution 4: Re-appointment of Mr. Vishal Kampani (DIN: 00009079)
  • Resolution Type: Ordinary
  • Total Votes Polled: 76,37,24,942 shares (79.8074% of outstanding)
  • In Favor: 76,09,56,865 shares (99.6376% of votes polled)
  • Against: 27,68,077 shares (0.3624% of votes polled)
  • Result: Passed
Resolution 5: Re-appointment of Ms. Roshini Bakshi (DIN: 01832163) for second term
  • Resolution Type: Special
  • Effective Date: December 9, 2026
  • Term: 5 consecutive years
  • Total Votes Polled: 76,37,24,942 shares (79.8074% of outstanding)
  • In Favor: 75,66,58,102 shares (99.0747% of votes polled)
  • Against: 70,66,840 shares (0.9253% of votes polled)
  • Result: Passed
Resolution 6: Re-appointment of Mr. Navroz Udwadia (DIN: 08355220) for second term
  • Resolution Type: Special
  • Effective Date: December 9, 2026
  • Term: 5 consecutive years
  • Total Votes Polled: 76,37,24,942 shares (79.8074% of outstanding)
  • In Favor: 66,89,21,823 shares (87.5867% of votes polled)
  • Against: 9,48,03,119 shares (12.4133% of votes polled)
  • Result: Passed
Resolution 7: Re-appointment of Mr. Pradip Kanakia (DIN: 00770347) for second term
  • Resolution Type: Special
  • Effective Date: February 7, 2027
  • Term: 5 consecutive years
  • Total Votes Polled: 76,37,24,932 shares (79.8074% of outstanding)
  • In Favor: 73,82,74,860 shares (96.6676% of votes polled)
  • Against: 2,54,50,072 shares (3.3324% of votes polled)
  • Result: Passed
Resolution 8: Re-appointment of Mr. Sumit Bose (DIN: 03340616) for second term
  • Resolution Type: Special
  • Effective Date: May 24, 2027 to May 30, 2029
  • Term: 2 consecutive years and 7 days
  • Total Votes Polled: 76,37,24,942 shares (79.8074% of outstanding)
  • In Favor: 76,01,18,400 shares (99.5278% of votes polled)
  • Against: 36,06,542 shares (0.4722% of votes polled)
  • Result: Passed
Resolution 9: Approval for material related party transactions with JM Financial Services Limited
  • Resolution Type: Ordinary
  • Total Votes Polled: 20,44,52,226 shares (21.3648% of outstanding)
  • In Favor: 20,44,49,326 shares (99.9986% of votes polled)
  • Against: 2,900 shares (0.0014% of votes polled)
  • Promoter Group: Did not vote (0 shares polled)
  • Result: Passed
Resolution 10: Approval for material related party transactions between subsidiaries
  • Resolution Type: Ordinary
  • Total Votes Polled: 20,44,52,226 shares (21.3648% of outstanding)
  • In Favor: 20,44,10,465 shares (99.9796% of votes polled)
  • Against: 41,761 shares (0.0204% of votes polled)
  • Promoter Group: Did not vote (0 shares polled)
  • Result: Passed

Scrutinizer Details

  • Scrutinizer: Mr. Saurabh Agarwal, Partner at Makarand M. Joshi & Co., Practicing Company Secretaries
  • Appointment Date: May 29, 2026
  • Remote e-voting Period: July 30, 2026 (9:00 AM IST) to August 2, 2026 (5:00 PM IST)
  • Voting Provider: National Securities Depository Limited (NSDL)
  • Newspaper Advertisements: Published in Business Standard (English) and Sakal (Marathi) on July 11, 2026

Key Observations

  • Promoter and Promoter Group voted unanimously (100%) in favor of all resolutions
  • Public Institutions showed significant opposition to certain director re-appointments:
  • 27.63% against Vishal Kampani's re-appointment
  • 70.67% against Roshini Bakshi's re-appointment
  • 94.79% against Navroz Udwadia's re-appointment
  • 25.44% against Pradip Kanakia's re-appointment
  • For related party transaction resolutions (9 & 10), Promoter Group did not participate in voting
  • No invalid votes were cast across all resolutions
  • Voting rights of shares transferred to Investor Education and Protection Fund were frozen

Document Submission

The voting results and scrutinizer's report were uploaded on the company website at https://jmfl.com/investor-relation/agm-egm.html