JMJ Fintech Limited, a BSE-listed Non-Banking Financial Company, held its Board Meeting on November 03, 2026, from 04:00 PM to 05:00 PM. The meeting addressed several regulatory and operational matters pursuant to SEBI Listing Regulations.

Financial Results Approval

The Board approved the Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026. The financial highlights include:

  • Total Income from Operations (Net): ₹476.33 lakhs for Q2 FY27 (compared to ₹536.48 lakhs in Q1 FY27 and ₹631.23 lakhs in Q2 FY26)
  • Profit Before Tax: ₹192.62 lakhs for Q2 FY27 (compared to ₹263.84 lakhs in Q1 FY27 and ₹388.93 lakhs in Q2 FY26)
  • Net Profit: ₹144.10 lakhs for Q2 FY27 (compared to ₹197.38 lakhs in Q1 FY27 and ₹297.08 lakhs in Q2 FY26)
  • Earnings Per Share (Basic): ₹0.38 for Q2 FY27 (compared to ₹0.52 in Q1 FY27 and ₹2.19 in Q2 FY26)
  • Earnings Per Share (Diluted): ₹0.38 for Q2 FY27 (compared to ₹0.52 in Q1 FY27 and ₹1.41 in Q2 FY26)

For the half year ended September 30, 2026:

  • Total Income from Operations (Net): ₹1,012.81 lakhs (compared to ₹1,138.95 lakhs in H1 FY26)
  • Profit Before Tax: ₹456.46 lakhs (compared to ₹548.58 lakhs in H1 FY26)
  • Net Profit: ₹341.48 lakhs (compared to ₹411.51 lakhs in H1 FY26)

Statement of Deviation

The Board noted nil deviation or variation in the utilization of proceeds from the Rights Issue for the quarter and half year ended September 30, 2026, under Regulation 32 of Listing Regulations.

Related Party Transactions

The Board approved and ratified Related Party Transactions entered into during the second quarter and half year ended September 30, 2026, as reviewed and recommended by the Audit Committee.

Management Appointment

The Board approved the appointment of Mr. Ankit Sundriyal as Chief Business Officer (CBO) and Senior Management Personnel, effective from November 16, 2026. His remuneration will be as approved by the Board from time to time.

Mr. Sundriyal holds an MBA in Operations from MDI Gurgaon (2015) and a B.Tech in Electronics & Telecommunication Engineering (2008). He possesses over 16 years of leadership experience across NBFCs, Fintechs, and financial services, with previous roles at Vivifi India Finance, EarlySalary, Cars24 Financial Services, ZipLoan, Hero FinCorp Ltd., and Larsen & Toubro Ltd. He is not related to any Director or Key Managerial Personnel of the Company.

Limited Review Report

Mahesh C. Solanki & Co., Chartered Accountants, issued a limited review report on the unaudited financial results, confirming that nothing came to their attention suggesting material misstatement or non-compliance with disclosure requirements under Regulation 33 of SEBI Listing Regulations.

Internal Audit Findings

The internal audit report for the quarter ending September 30, 2026, covered multiple areas:

  • Physical Cash Verification: Cash balance of ₹1,33,215.60 verified with no discrepancy (Risk: LOW)
  • Profitability: Net profit of ₹1.44 crore with 30.25% net profit margin (Risk: LOW)
  • Bank Reconciliation: One unreconciled difference of ₹16,886.32 in Federal Bank - 3476 due to digital loan collections (Risk: LOW)
  • Vendors: Total vendor payable of ₹10,10,065.82, with two vendors not verified amounting to ₹7,70,455.40 (Risk: MEDIUM)
  • Due Customers: 1,743 due customers with total due of ₹1.39 crore, reduced from 2,443 customers and ₹2.08 crore in Q1 (Risk: MEDIUM)
  • Expense Ratio: Employee expenses increased 5.32%, administrative expenses increased 2.07%, finance costs increased 4.92%, and NPA provision increased 147.34% (Risk: MEDIUM)
  • Other Areas: No charges in MCA, no legal fees, CCTV operational, registers properly maintained, TDS and GST compliant, ESI accurate, and adequate safety measures (Risk: LOW for all)

Financial Position

As of September 30, 2026:

  • Total Assets: ₹9,784.68 lakhs (compared to ₹8,957.65 lakhs as of March 31, 2026)
  • Loans and Advances: ₹8,508.46 lakhs (compared to ₹7,169.35 lakhs as of March 31, 2026)
  • Cash and Cash Equivalents: ₹665.38 lakhs (compared to ₹1,191.19 lakhs as of March 31, 2026)
  • Total Equity: ₹5,890.04 lakhs (compared to ₹5,603.45 lakhs as of March 31, 2026)

Cash Flow Statement

For the half year ended September 30, 2026:

  • Net Cash from Operating Activities: (₹677.08) lakhs
  • Net Cash from Investing Activities: (₹31.62) lakhs
  • Net Cash from Financing Activities: ₹182.90 lakhs
  • Net Decrease in Cash: (₹525.80) lakhs