Event Details
- AGM Date: Monday, August 3, 2026
- Time: 4:00 p.m.
- Mode: Physical mode
- Venue: Ravindra Natya Mandir, Sayani Road, Near Siddhivinayak Temple, Prabhadevi, Mumbai - 400025
- Attendance: 89 Members attended the meeting
Meeting Proceedings
Mr. Nimesh Kampani, Non-executive Chairman, chaired the AGM. The meeting was conducted in accordance with applicable provisions. Board Members, Key Managerial Personnel, Chairpersons of Audit Committee, Stakeholders' Relationship Committee and Nomination and Remuneration Committee were present. Representatives of Statutory Auditors, Secretarial Auditors and Scrutinisers were also present.
Voting Process
- Remote e-voting period: Thursday, July 30, 2026 (9:00 a.m.) to Sunday, August 2, 2026 (5:00 p.m.)
- Cut-off date for shareholding: Monday, July 27, 2026
- Voting through ballot paper was available at AGM for members who hadn't voted remotely
- Scrutiniser: Mr. Saurabh Agarwal, Partner at Makarand M. Joshi & Co., Practicing Company Secretaries
Resolutions Considered
1. Adoption of audited standalone financial statements for FY 2025-26 with reports of Board of Directors and Auditors (Ordinary Business)
2. Adoption of audited consolidated financial statements for FY 2025-26 with report of Auditors (Ordinary Business)
3. Declaration of final dividend on equity shares for FY ended March 31, 2026 (Ordinary Business)
4. Appointment of Mr. Vishal Kampani (DIN: 00009079) who retires by rotation and offers himself for re-appointment (Ordinary Business)
5. Re-appointment of Ms. Roshini Bakshi (DIN: 01832163) as Independent Director for second term of five years from December 9, 2026 to December 8, 2031 (Special Business)
6. Re-appointment of Mr. Navroz Udwadia (DIN: 08355220) as Independent Director for second term of five years from December 9, 2026 to December 8, 2031 (Special Business)
7. Re-appointment of Mr. Pradip Kanakia (DIN: 00770347) as Independent Director for second term of five years from February 7, 2027 to February 6, 2032 (Special Business)
8. Re-appointment of Mr. Sumit Bose (DIN: 03340616) as Independent Director for second term of two years and seven days from May 24, 2027 to May 30, 2029 (Special Business)
9. Approval for material related party transactions with JM Financial Services Limited for aggregate amount up to ₹600 Crore from conclusion of 41st AGM until conclusion of 42nd AGM in FY 2027-28 (Ordinary Business)
10. Approval for material related party transactions between subsidiaries of the Company (Ordinary Business)
Member Interaction
Members appreciated the physical mode of AGM, quality of Annual Report, and CSR activities. Queries were raised regarding:
- Company's business and strategic growth roadmap
- Potential new business opportunities
- Data protection and cybersecurity measures
- Integration of Artificial Intelligence (AI) for business processes and customer service
- Capital expenditure and overall financial performance
The Vice Chairman and Managing Director responded to queries and took note of observations. Members expressed support for all resolutions.
Meeting Conclusion
The meeting concluded at 5:20 p.m. Results of voting will be declared after receipt of Scrutiniser's report and intimated to stock exchanges and uploaded on company and NSDL websites.
Additional Information
- Annual Report for FY 2025-26 was circulated to members
- Statutory Auditor's Report and Secretarial Audit Report contained no qualifications, adverse comments or reservations
- Proceedings uploaded on company website: https://jmfl.com/investor-relation/agm-egm.html