Board approves allotment of 2,000 secured NCDs worth Rs. 2,00,00,000 and Rs. 5 crore loan authorisation

Board on Oct 1, 2026 approved allotment of 2,000 Secured, Unlisted, Unrated, Redeemable NCDs of face value Rs.10,000/- each, aggregating not exceeding Rs. 2,00,00,000/- on private placement.

Thu 1 Oct 2026

NCD Allotment Quantity

2,000 Secured, Unlisted, Unrated, Redeemable NCDs

NCD Face Value & Aggregate

Face value Rs. 10,000/- each, aggregating Rs. 2,00,00,000/-

Coupon Schemes

Scheme 1: 12.00% for 3 Years (redemption 01.10.2029), Scheme 2: 12.50% for 5 Years (redemption 01.10.2031)

Interest Payment

Monthly interest, starting November 2026

Loan Authorisation

MD authorised to avail loan facilities from Shriram Finance Limited up to Rs. 5,00,00,000/-

What was approved

The Board of JMJ Fintech Limited met on Thursday, October 1, 2026 (11:30 A.M. to 02:00 PM) and approved two funding items.

• Allotment of 2,000 Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures of face value Rs.10,000/- each, on a private placement basis, for an aggregate amount not exceeding Rs. 2,00,00,000/-.
• Authorisation to the Managing Director to avail financial assistance/loan facilities from Shriram Finance Limited up to an aggregate limit of Rs. 5,00,00,000/-, under Section 180(1)(c) of the Companies Act, 2013.

Terms of the debentures

• Scheme 1: fixed coupon of 12.00%, simple interest, tenure 3 Years, allotment 01.10.2026, redemption 01.10.2029.
• Scheme 2: fixed coupon of 12.50%, simple interest, tenure 5 Years, allotment 01.10.2026, redemption 01.10.2031.
• Interest is paid monthly, on the 1st day of every month starting November 2026, with the last payment on maturity.
• Redemption amount per NCD is 10,000 for both schemes. No redemption premium.

Security

The NCDs are direct and secured obligations, secured by a first ranking pari passu charge with existing secured creditors on the Company's book debts and receivables, both present and future, equal to one time the value of the NCDs outstanding plus accrued interest.

Other points

The debentures are not proposed to be listed. Redemption may be out of profits or out of a fresh issue, as determined by the Board. The disclosure records no delay or default in payment of interest or principal.

How to read this

For a non-banking financial company, raising debt is a routine way to fund lending. The coupons of 12.00% and 12.50% indicate the cost of these borrowings, and the Shriram Finance authorisation adds a further borrowing avenue of up to Rs. 5,00,00,000/-. Investors may watch how the raised funds translate into the lending book and what this adds to overall interest costs.

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