Board meeting on 22 October 2026 to consider NCD issue up to Rs 7 crore and director changes
JMJ Fintech Ltd has informed BSE that its Board of Directors will meet on Thursday, 22 October 2026, through video conference.
By ScoutQuest · · 2 min read
- Board Meeting Date
- Thursday, 22 October 2026, through video conference
- NCD Issue Size
- Non-Convertible Debentures of up to Rs 7 crore
- Proposed Executive Director Appointment
- appointment of Mrs. Shiny Joju as Executive Director
Prior intimation of a Board Meeting
The company has informed BSE that a meeting of its Board of Directors is scheduled for Thursday, 22 October 2026, to be held through Video Conference (VC) mode, to consider and approve the business items listed below.
What the Board will consider
- Increase in the loan limit or financial assistance to M/s. JMJ Finance Limited, a related party, subject to approval of the shareholders, wherever applicable.
- Proposal for appointment of Mrs. Shiny Joju as an Executive Director of the Company.
- Reappointment and redesignation of Mr. Johny M. L. from Executive Chairman to Executive Director.
- Reappointment and redesignation of Mr. Joju M. J. from Managing Director to Chairman & Managing Director.
- Issue of Non-Convertible Debenture up to Rs 7 crore.
- Any other business with the permission of the Chair.
Points a retail investor may note
- The related-party item is an increase in the loan limit or financial assistance to M/s. JMJ Finance Limited, and the update states it is subject to approval of the shareholders, wherever applicable. Because this is a related party, the terms and any required shareholder approval process would be the details to watch when the outcome is announced.
- The Non-Convertible Debenture item is stated as an issue up to Rs 7 crore. The update does not set out the terms, tenure or purpose; those would normally follow in the outcome or in the documents for the issue.
- Two of the items are changes in the roles of existing senior people: Mr. Johny M. L. from Executive Chairman to Executive Director, and Mr. Joju M. J. from Managing Director to Chairman & Managing Director. The word used is reappointment and redesignation, not a fresh appointment.
- Mrs. Shiny Joju is proposed to be appointed as an Executive Director. The update describes this as a proposal, so it is an item to be considered by the Board.
Trading window
In terms of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code of Conduct, the Trading Window for dealing in the securities of the Company remains closed and will re-open 48 hours after the declaration or outcome of the Board Meeting.
What happens next
The items above are to be considered and approved at the meeting on 22 October 2026. As this is prior intimation, the decisions themselves would be known only from the outcome of the meeting.
Also from JMJ Fintech
Board approves Rs.15 crore loan limit to related party, Rs.7 crore NCD issue, director re-designations
22 Oct 2026
Board approves Rs.15 crore related-party loan limit, Rs.7 crore NCD issue and director re-designations
22 Oct 2026
Corrigendum: NCD allotment revised to 1,900 NCDs, Rs. 1,90,00,000/-
10 Oct 2026
More numbers
- Non-Convertible Debenture issue sizeRs 7,00,00,000/-
- Trading window re-opening period after outcome48 hours
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