JMJ Fintech Limited
Key Decisions and Quantitative Figures
1. Postponement of Preferential Issue:
- The Board of Directors formally approved the deferment of the proposed preferential issue and allotment of up to 7,90,000 equity shares
- The aggregate value of the proposed issue was ₹1.58 Crore
- This issue had been previously approved by the Board on August 18, 2026
2. Rescheduling of AGM:
- The 43rd Annual General Meeting has been rescheduled to Tuesday, September 29, 2026
- The meeting will be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Rationale for Postponement
The Board noted that certain aspects relating to the proposed private placement require further consideration and finalization before proceeding. Specifically, the Company needs to further review and finalize particulars relating to:
- The proposed identified persons/subscribers
- Other issue-related matters
The revised proposal will be placed before the Board for fresh consideration at a subsequent meeting after finalization of relevant particulars and completion of requisite procedural formalities in accordance with applicable statutory and regulatory requirements.
Financial and Operational Impact
The withdrawal of the proposed preferential issue will not materially adversely affect the Company's business operations or financial position. The disclosure explicitly states: "The withdrawal of the proposed preferential issue will not have any material adverse impact on the operations or financial position of the Company."
Meeting Details
- Board Meeting held on Monday, August 31, 2026
- Commenced at 11:30 A.M. and concluded at 12:25 PM