Key Personnel Change

Mr. Chirag Negandhi has ceased to be a Senior Management Person (SMP) of JM Financial Limited with effect from the close of business hours on July 23, 2026.

Reason for Change

The cessation is consequent upon Mr. Negandhi's resignation letter dated July 22, 2026. In his resignation letter, Mr. Negandhi stated he was resigning "due to personal reasons" and requested to be relieved from the Company's services at the earliest.

Effective Date

The cessation is effective from the close of business hours on July 23, 2026.

Documentation

A copy of the resignation letter is attached to the disclosure. The annexure (Annexure A) provides the structured disclosure format required by SEBI regulations.

Company Representation

The disclosure was signed by Mr. Hemant Vijay Pandya, Company Secretary & Compliance Officer of JM Financial Limited, on July 23, 2026 at 20:42:19 IST.

Public Disclosure

The intimation is being uploaded on the company's website at https://jmfl.com/investor-relation/announcements.html and can be accessed via QR code. The company has requested the exchanges to disseminate this information.

Financial Impact

No financial impact quantified in the disclosure.

Capital Structure Impact

No impact on capital structure disclosed.