Corrigendum: NCD allotment revised to 1,900 NCDs, Rs. 1,90,00,000/-

JMJ Fintech has shared a corrigendum to its 01.10.2026 board meeting outcome.

Sat 10 Oct 2026

NCDs allotted (corrected)

1,900 NCDs

Aggregate issue size (corrected)

Rs. 1,90,00,000/-

Coupons and loan limit

Series I 12.00%, Series II 12.50%; loan facility up to Rs. 5,00,00,000/-

What the update says

• The company has submitted a revised outcome of its board meeting held on Thursday, October 01, 2026.
• The revision corrects an inadvertent clerical oversight in Item No. 1 and Annexure I of the earlier outcome, concerning the number and aggregate issue size of the Non-Convertible Debentures (NCDs) allotted.
• The earlier outcome had stated 2,000 NCDs aggregating Rs. 2,00,00,000/-. The corrected figure is 1,900 NCDs aggregating Rs. 1,90,00,000/-.
• The correction is stated to be limited to the number and aggregate value of NCDs allotted. All other particulars, terms, conditions and resolutions passed at the board meeting, including Item No. 2 on authorisation to the Managing Director, remain unchanged.

The NCD issue, as restated

• 1,900 Secured, Unlisted, Unrated, Redeemable NCDs of face value Rs. 10,000/- each, on a private placement basis.
• Aggregate amount not exceeding Rs. 1,90,00,000/-.
• Not proposed to be listed.
• Allotment date 01.10.2026.
• Security: the NCDs are direct and secured obligations of the company, secured by way of first ranking pari passu charge with existing secured creditors, on all movable assets, including book debts and receivables, cash and bank balances, other movable assets, loans and advances, both present and future, equal to one time the NCDs outstanding plus interest accrued thereon.
• Series I: fixed coupon of 12.00%, simple. Series II: fixed coupon of 12.50%, simple.
• Interest is payable monthly, on the 1st day of every month starting from November 2026, with the last interest payment on maturity.
• Redemption dates: Series I on 01.10.2029 and Series II on 01.10.2031.

The loan facility resolution

• The Managing Director has been authorised to avail financial assistance/loan facilities required by the company from Shriram Finance Limited up to an aggregate limit of Rs. 5,00,00,000/- (Rupees Five Crore only), under Section 180(1)(c) of the Companies Act, 2013.

What this means for investors

• The NCD issue is now stated at Rs. 1,90,00,000/-, against the Rs. 2,00,00,000/- mentioned in the earlier outcome, with the number of NCDs restated at 1,900 from 2,000.
• The revised disclosure describes the change as an inadvertent clerical oversight rectified through this corrigendum, so that the disclosure reflects the allotment approved by the Board.
• The NCDs carry fixed coupons and monthly interest, and are secured by a first ranking pari passu charge on the company's movable assets.
• The company describes itself as a BSE-listed non-banking financial company.

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