JMJ Fintech Limited
Rights Issue Details
The rights issue was conducted through a "Letter of Offer" dated July 12, 2025, consisting of:
- 2,48,45,548 fully paid-up equity shares with ₹10.50 paid on application and call per share
- 7,54,452 partly paid-up equity shares with ₹3.15 paid on application per share
Fundraising Amounts
Total amount raised under the rights issue: ₹26,32,54,777.80
Breakdown of funds received:
- ₹26,08,78,254 received on application and call for fully paid-up shares
- ₹23,76,523.80 received on application for partly paid-up shares
Utilization of Proceeds
The proceeds of ₹26,32,54,777.80 have been utilized during the quarter ended June 30, 2026, exactly as per the objects stated in the original letter of offer:
Object-wise Utilization:
- Capital base augmentation and fund requirements for NBFC activities: ₹18,99,66,000 (against object of ₹19,00,00,000)
- General Corporate Purposes: ₹2,56,30,000 (against object of ₹6,72,00,000)
- Issue Related Expenses: ₹1,07,68,000 (against object of ₹1,16,00,000)
Audit Committee Review
The statement of no deviation was reviewed and approved by the Audit Committee via circulation on August 10, 2026. Both the Audit Committee and auditors have provided "No Comments" on the utilization.
Additional Information
- Date of fund raising: August 21, 2025
- No monitoring agency was appointed for the funds
- No shareholder approval was required as there was no deviation
- The filing was digitally signed by Vidya Damodaran, Company Secretary & Compliance Officer (ACS: 69509)