Recommended a Final Dividend of Rs. 0.15 per Equity Share of face value Rs. 10 each for the Financial Year 2025-26.
Subject to approval of shareholders at the ensuing 43rd Annual General Meeting (AGM).
If approved, the dividend will be paid within 30 days from the date of the AGM.
2. Approval of AGM Notice and Reports
Approved the Notice of the 43rd Annual General Meeting along with the Board's Report and its annexures.
Took note of the Secretarial Audit Report for the Financial Year ended March 31, 2026.
3. Date, Time, and Venue of AGM
AGM to be held on Thursday, September 17, 2026, at 11:30 A.M. through Video Conferencing (VC) / Other Audio Visual Means (OAVM).
4. Record Date and Book Closure
Record Date: Thursday, September 10, 2026, for determining entitlement to Final Dividend and eligibility for remote e-voting.
Book Closure: The Register of Members and Share Transfer Books will remain closed from Friday, September 11, 2026, to Thursday, September 17, 2026 (both days inclusive) for AGM and dividend purposes.
5. Adoption of Valuation Report and Fixation of Issue Price for Preferential Issue
Approved the issue and offer of 7,90,000 Equity Shares of face value Rs. 10 each at an issue price of Rs. 20 per share (including share premium of Rs. 10 per share), aggregating Rs. 1,58,00,000.
Issue price is not less than the minimum floor price of Rs. 9.95 per share, determined by CA S Dehaleesan, Registered Valuer (IBBI Registration No.: IBBI/RV/04/2019/11659), in accordance with SEBI ICDR Regulations, with Relevant Date as August 18, 2026.
The preferential issue is subject to approval of members at the AGM, in-principle approval of BSE Limited, and other regulatory approvals.
Allottees are 48 non-promoter individuals, as listed in Annexure C, with details of shares allotted and amounts.
Post-issue shareholding pattern: Promoter holding will decrease from 23.74% to 23.25%, and public holding will increase from 76.26% to 76.75%, maintaining compliance with Minimum Public Shareholding norms.
Lock-in period as per Regulation 167 of SEBI ICDR Regulations, 2018.
6. Appointment of Key Intermediaries for AGM
Appointed Central Depository Services (India) Limited (CDSL) for providing remote e-voting facilities.
Appointed M/s. Lakshmmi Subramanian & Associates, Practicing Company Secretaries, as the Scrutinizer for remote e-voting and e-voting during AGM.
7. Appointment of Additional Director (Independent Director)
Appointed CA Methil Rajalakshmy (DIN: 02718979) as an Additional Director in the capacity of Non-Executive Independent Director, effective from August 18, 2026, for a term of 1 year, subject to shareholder approval at AGM.
Brief profile: Fellow Member of ICAI with over 27 years of experience, Senior Partner at Arun & Rajalakshmy, Chartered Accountants, and Founder Director of Ameya Professionals Private Limited, expertise in corporate finance, audits, and risk management.
Not related to any existing director, and not debarred from holding directorship.
8. Reconstitution of Various Committees
Reconstituted the Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee.
New compositions:
Audit Committee: CA Julie George Varghese (Chairperson), Mr. Johny Madathumpady Lonappan (Member), CA Methil Rajalakshmi (Member).
Nomination and Remuneration Committee: CA Sivadas Chettoor (Chairman), CA Julie George Varghese (Member), CA Methil Rajalakshmi (Member).
Stakeholders Relationship Committee: CA Julie George Varghese (Chairperson), Mr. Johny Madathumpady Lonappan (Member), CA Methil Rajalakshmi (Member).
Regulatory and Additional Information
Information available on company website: https://jmijfintechltd.com.
