JM Financial logo

JM Financial MD, chairman, board of directors and AGM

NSE: JMFINANCILBSE: 523405FinanceSmall Cap

Last close ₹106.19down ₹4.78 (4.31%)BSE ₹106.15

Share price at the NSE close on 23 Oct 2026. Previous close ₹110.97.

52-week range of traded prices to 23 Oct 2026
₹104.60Low, 23 Oct 2026₹175.70High, 23 Oct 2025
Market cap
₹10,162 Cr494th largest listed
P/E
9.8
P/B
1.0
Dividend yield
3.06%
ROE
10.2%
ROCE
9.9%
Debt to equity
1.01
Volume, NSE
25,83,90548.0% delivered

JM Financial board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonNimesh N KampaniRelated to the promoter
  • Managing directorVishal N Kampani
  • Managing directorAdi Rusi Patel
  • Company Secretary and Compliance OfficerHemant Pandya

9 directors5 independent2 executive2 non-executive

  • Nimesh N Kampani · ChairpersonNon-executive · joined Jun 1987 · reappointed Aug 2025 · 1 listed board · 1 committee seat
  • Vishal N Kampani · Managing directorExecutive · joined Feb 2016 · reappointed Oct 2024 · 2 listed boards · 1 as independent · 1 committee seat
  • Palamadai Sundararajan JayakumarIndependent · joined Jul 2020 · reappointed Jul 2025 · 71 months as independent · 7 listed boards · 7 as independent · 7 committee seats, 3 as chair
  • Navroz Darius UdwadiaIndependent · joined Dec 2021 · reappointed Dec 2021 · 54 months as independent · 1 listed board · 1 as independent
  • Roshini Hemant BakshiIndependent · joined Dec 2021 · reappointed Dec 2021 · 54 months as independent · 2 listed boards · 1 as independent · 3 committee seats, 1 as chair
  • Pradip Manilal KanakiaIndependent · joined Feb 2022 · reappointed Feb 2022 · 52 months as independent · 6 listed boards · 6 as independent · 7 committee seats, 4 as chair
  • Sumit BoseIndependent · joined May 2022 · reappointed May 2022 · 49 months as independent · 3 listed boards · 3 as independent · 8 committee seats, 4 as chair
  • Hariharan Ramamurthi AiyarNon-executive · joined May 2025 · reappointed May 2025 · 1 listed board
  • Adi Rusi Patel · Managing directorExecutive · joined Oct 2021 · reappointed Oct 2024 · 1 listed board · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Jagi Mangat Panda, left 30 Mar 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 May 20268 of 9 present4 independent · 112 days in between
    • 5 Feb 20268 of 9 present4 independent

  • Audit Committee

    Chair Pradip Manilal Kanakia

    Palamadai Sundararajan Jayakumar, Roshini Hemant Bakshi, Sumit Bose

    • 29 May 20264 of 4 present4 independent · 112 days in between
    • 5 Feb 20262 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Palamadai Sundararajan Jayakumar

    Nimesh N Kampani, Roshini Hemant Bakshi

    • 19 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Roshini Hemant Bakshi

    Nimesh N Kampani, Adi Rusi Patel

    • 29 May 20263 of 3 present1 independent · 112 days in between
    • 5 Feb 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Palamadai Sundararajan Jayakumar

    Vishal N Kampani, Adi Rusi Patel, Navroz Darius Udwadia

    • 26 Mar 20263 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair Nimesh N Kampani

    Pradip Manilal Kanakia, Sumit Bose, Roshini Hemant Bakshi

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • KKC & Associates LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

JM Financial AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.JM Financial dividend history

Annual general meeting, 3 Aug 2026

1,80,854 shareholders on the register on 27 Jul 2026; present: 23 promoters and 66 others; votes counted by Saurabh Agarwal / Makarand M. Joshi & Co., Practicing Company Secretaries.The company's voting result (opens in a new tab)

  1. Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2026 together with the reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.62% · promoters 100.00% · institutions 88.79% · other public 14.25%

  2. Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2026 together with the report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.62% · promoters 100.00% · institutions 88.79% · other public 14.25%

  3. Declaration of final dividend on the equity shares for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.81% · promoters 100.00% · institutions 89.62% · other public 14.25%

  4. Appointment of a director in place of Mr. Vishal Kampani (DIN: 00009079), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 1.46% · other public 0.02%

    Turnout: all 79.81% · promoters 100.00% · institutions 89.62% · other public 14.25%

  5. Re-appointment of Ms. Roshini Bakshi (DIN: 01832163) as an Independent Director of the Company for a second term of five (5) consecutive years with effect from December 9, 2026
    Special
    99.07% for0.93% against

    Against: promoters 0.00% · institutions 3.72% · other public 0.06%

    Turnout: all 79.81% · promoters 100.00% · institutions 89.62% · other public 14.25%

  6. Re-appointment of Mr. Navroz Udwadia (DIN: 08355220) as an Independent Director of the Company for a second term of five (5) consecutive years with effect from December 9, 2026.
    Special
    87.59% for12.41% against

    Against: promoters 0.00% · institutions 50.02% · other public 0.05%

    Turnout: all 79.81% · promoters 100.00% · institutions 89.62% · other public 14.25%

  7. Re-appointment of Mr. Pradip Kanakia (DIN: 00770347) as an Independent Director of the Company for a second term of five (5) consecutive years with effect from February 7, 2027.
    Special
    96.67% for3.33% against

    Against: promoters 0.00% · institutions 13.42% · other public 0.05%

    Turnout: all 79.81% · promoters 100.00% · institutions 89.62% · other public 14.25%

  8. Re-appointment of Mr. Sumit Bose (DIN: 03340616) as an Independent Director of the Company for a second term of two (2) consecutive years and seven (7) days with effect from May 24, 2027.
    Special
    99.53% for0.47% against

    Against: promoters 0.00% · institutions 1.90% · other public 0.05%

    Turnout: all 79.81% · promoters 100.00% · institutions 89.62% · other public 14.25%

  9. Approval for entering into material related party transactions with JM Financial Services Limited
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 21.36% · promoters 0.00% · institutions 89.62% · other public 7.48%

  10. Approval for entering into material related party transactions between the subsidiaries of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.03%

    Turnout: all 21.36% · promoters 0.00% · institutions 89.62% · other public 7.48%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 12 Aug 2025, 10 resolutions

1,73,439 shareholders on the register on 5 Aug 2025; present: 5 promoters and 92 others; votes counted by Saurabh Agarwal / MMJB & Associates LLP, Practicing Company Secretaries.The company's voting result (opens in a new tab)

  1. Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors and the Auditors thereon.
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.51% · other public 0.04%

    Turnout: all 80.14% · promoters 100.00% · institutions 85.04% · other public 15.19%

  2. Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2025, together with the report of the Auditors thereon.
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.51% · other public 0.04%

    Turnout: all 80.14% · promoters 100.00% · institutions 85.04% · other public 15.19%

  3. Declaration of dividend on the equity shares for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 80.36% · promoters 100.00% · institutions 85.94% · other public 15.19%

  4. Appointment of Mr. Nimesh Kampani (DIN: 00009071), who retires by rotation, and being eligible, offers himself for re-appointment.
    Special
    98.34% for1.66% against

    Against: promoters 0.00% · institutions 6.38% · other public 0.04%

    Turnout: all 80.36% · promoters 100.00% · institutions 85.94% · other public 15.19%

  5. Appointment of Mr. Hariharan Ramamurthi Aiyar (DIN: 01374306) as a Non-Executive, Non-Independent Director of the Company.
    Ordinary
    99.53% for0.48% against

    Against: promoters 0.00% · institutions 1.82% · other public 0.04%

    Turnout: all 80.36% · promoters 100.00% · institutions 85.94% · other public 15.19%

  6. Appointment of Shroff Negandhi and Associates LLP, Company Secretaries, (Firm Registration Number: L2022MH012100 and Peer Review certificate No: 6254/2024), as the Secretarial Auditors of the Company for a term of five (5) consecutive years commencing from the financial year 2025-26 till the financial year 2029-30 and authorise the Board to fix their remuneration.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 80.36% · promoters 100.00% · institutions 85.94% · other public 15.19%

  7. Approval for entering into the material related party transactions with JM Financial Products Limited.
    Ordinary
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 22.44% · promoters 0.00% · institutions 85.94% · other public 7.82%

  8. Approval for entering into the material related party transactions with JM Financial Services Limited.
    Ordinary
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 22.44% · promoters 0.00% · institutions 85.94% · other public 7.82%

  9. Approval for entering into the material related party transactions with JM Financial Asset Reconstruction Company Limited.
    Ordinary
    96.93% for3.07% against

    Against: promoters 0.00% · institutions 3.28% · other public 0.08%

    Turnout: all 22.44% · promoters 0.00% · institutions 85.94% · other public 7.82%

  10. Approval for entering into the material related party transactions between the subsidiaries of the Company.
    Ordinary
    96.93% for3.07% against

    Against: promoters 0.00% · institutions 3.28% · other public 0.08%

    Turnout: all 22.44% · promoters 0.00% · institutions 85.94% · other public 7.82%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Nov 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. P S Jayakumar (DIN: 01173236) as an Independent Director of the Company for a period of five (5) years with effect from July 30, 2025 to July 29, 2030 (both the days inclusive).
    Special
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 1.40% · other public 0.03%

    Turnout: all 80.12% · promoters 100.00% · institutions 85.84% · other public 15.57%

  2. Re-appointment of Mr. Adi Patel (DIN: 02307863) as a Managing Director of the Company for a period of three (3) years with effect from October 01, 2024 to September 30, 2027 (both the days inclusive).
    Ordinary
    93.00% for7.00% against

    Against: promoters 0.00% · institutions 27.13% · other public 0.04%

    Turnout: all 80.12% · promoters 100.00% · institutions 85.84% · other public 15.57%

  3. Appointment of Mr. Vishal Kampani (DIN: 00009079), the Vice Chairman of the Company, as its Managing Director for a period of five (5) years with effect from October 01, 2024 to September 30, 2029 (both the days inclusive).MoreLess
    Special
    93.00% for7.00% against

    Against: promoters 0.00% · institutions 27.13% · other public 0.03%

    Turnout: all 80.12% · promoters 100.00% · institutions 85.84% · other public 15.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 6 Aug 2024, 12 resolutions

Present: 5 promoters and 92 others.The company's voting result (opens in a new tab)

  1. Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2024 together with the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 81.85% · promoters 100.00% · institutions 84.28% · other public 23.41%

  2. Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 together with the report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 81.85% · promoters 100.00% · institutions 84.28% · other public 23.41%

  3. Declaration of dividend for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 81.89% · promoters 100.00% · institutions 84.44% · other public 23.41%

  4. Appointment of Mr. Adi Patel (DIN: 02307863), who retires by rotation, at the Thirty Ninth Annual General Meeting, pursuant to the provisions of Section 152 of the Companies Act, 2013 and being eligible, offers his candidature for re-appointment, as a director of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 81.89% · promoters 100.00% · institutions 84.44% · other public 23.40%

  5. Appointment of KKC & Associates LLP (the ¿KKC¿), Chartered Accountants, (Firm Registration No. 105146W/W100621) Mumbai, as the Statutory Auditors of the Company and authorise the Board of Directors to fix their remuneration.MoreLess
    Ordinary
    99.35% for0.65% against

    Against: promoters 0.00% · institutions 2.52% · other public 0.08%

    Turnout: all 81.89% · promoters 100.00% · institutions 84.44% · other public 23.41%

  6. Approval for entering into the material related party transactions with JM Financial Credit Solutions Limited, a subsidiary of the Company.
    Ordinary
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 0.61% · other public 0.08%

    Turnout: all 25.27% · promoters 0.00% · institutions 84.44% · other public 22.41%

  7. Approval for entering into the material related party transactions with JM Financial Asset Reconstruction Company Limited, a subsidiary of the Company.
    OrdinaryPromoters have an interest in it
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 0.61% · other public 0.08%

    Turnout: all 25.27% · promoters 0.00% · institutions 84.44% · other public 22.41%

  8. Approval for entering into the material related party transactions with JM Financial Products Limited, a subsidiary of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 25.27% · promoters 0.00% · institutions 84.44% · other public 22.41%

  9. Approval for entering into the material related party transactions with JM Financial Services Limited, a subsidiary of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 25.27% · promoters 0.00% · institutions 84.44% · other public 22.41%

  10. Approval for material related party transactions between the subsidiaries of the Company
    Ordinary
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 0.61% · other public 0.08%

    Turnout: all 25.27% · promoters 0.00% · institutions 84.44% · other public 22.41%

  11. Approval for entering into material related party transaction with INH Mauritius 1, a related party of JM Financial Credit Solutions Limited, a subsidiary of the Company
    Ordinary
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 0.62% · other public 0.08%

    Turnout: all 25.27% · promoters 0.00% · institutions 84.44% · other public 22.41%

  12. Approval for entering into the material related party transaction with JM Financial Credit Solutions Limited, a subsidiary of the Company, for sale of equity shares of JM Financial Asset Reconstruction Company Limited, held by the Company.MoreLess
    Ordinary
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 0.62% · other public 0.08%

    Turnout: all 25.27% · promoters 0.00% · institutions 84.44% · other public 22.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 3 Aug 2023, 8 resolutions

Present: 10 promoters and 81 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2023 together with the reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 80.94% · promoters 100.00% · institutions 73.04% · other public 27.37%

  2. Adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2023 together with report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 80.94% · promoters 100.00% · institutions 73.04% · other public 27.37%

  3. Declaration of a final dividend for the financial year ended March 31, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 81.00% · promoters 100.00% · institutions 73.28% · other public 27.37%

  4. Appointment of Mr.Vishal Kampani (DIN: 00009079), as a Non-Executive Director of the Company, who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 81.00% · promoters 100.00% · institutions 73.28% · other public 27.37%

  5. Approval for entering into the material related party transactions with JM Financial Credit Solutions Limited, a subsidiary of the Company.
    OrdinaryPromoters have an interest in it
    57.40% for42.60% against

    Against: promoters 0.00% · institutions 51.31% · other public 0.01%

    Turnout: all 24.25% · promoters 0.00% · institutions 73.28% · other public 25.65%

  6. Approval for entering into the material related party transactions with JM Financial Asset Reconstruction Company Limited, a subsidiary of the Company.
    OrdinaryPromoters have an interest in it
    57.40% for42.60% against

    Against: promoters 0.00% · institutions 51.31% · other public 0.02%

    Turnout: all 24.25% · promoters 0.00% · institutions 73.28% · other public 25.65%

  7. Approval for entering into the material related party transactions with JM Financial Products Limited, a subsidiary of the Company.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 24.25% · promoters 0.00% · institutions 73.28% · other public 25.65%

  8. Approval for issuance of non-convertible debentures aggregating up to ₹ 1,000 Crore, on private placement basis and/or through public offer.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 81.00% · promoters 100.00% · institutions 73.28% · other public 27.37%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 2 Aug 2022, 10 resolutions

Present: 10 promoters and 73 others.The company's voting result (opens in a new tab)

  1. Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2022 together with the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 80.80% · promoters 100.00% · institutions 70.63% · other public 29.15%

  2. Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2022 together with the Auditor’s report thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 80.80% · promoters 100.00% · institutions 70.63% · other public 29.15%

  3. Declaration of final dividend for the financial year ended March 31, 2022.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 80.85% · promoters 100.00% · institutions 70.79% · other public 29.15%

  4. Re-appointment of Mr. Nimesh Kampani (DIN: 00009071), as a Non-Executive Director of the Company, who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    98.44% for1.56% against

    Against: promoters 0.00% · institutions 5.96% · other public 0.04%

    Turnout: all 80.85% · promoters 100.00% · institutions 70.79% · other public 29.15%

  5. Appointment of BSR & Co. LLP, Chartered Accountants (Firm registration no. 101248W/W-100022), Mumbai, as the Statutory Auditors of the Company and authorise the Board of Directors to fix their remuneration.MoreLess
    Ordinary
    98.58% for1.42% against

    Against: promoters 0.00% · institutions 5.43% · other public 0.03%

    Turnout: all 80.85% · promoters 100.00% · institutions 70.79% · other public 29.15%

  6. Appointment of Mr. Sumit Bose (DIN: 03340616) as an independent director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.03%

    Turnout: all 80.85% · promoters 100.00% · institutions 70.79% · other public 29.15%

  7. Approval for entering into the material related party transactions with JM Financial Credit Solutions Limited, a subsidiary of the Company.
    OrdinaryPromoters have an interest in it
    62.96% for37.04% against

    Against: promoters 0.00% · institutions 44.11% · other public 0.06%

    Turnout: all 25.20% · promoters 0.00% · institutions 70.79% · other public 27.52%

  8. Approval for entering into the material related party transactions with JM Financial Asset Reconstruction Company Limited, a subsidiary of the Company.
    OrdinaryPromoters have an interest in it
    62.96% for37.04% against

    Against: promoters 0.00% · institutions 44.11% · other public 0.06%

    Turnout: all 25.20% · promoters 0.00% · institutions 70.79% · other public 27.52%

  9. Approval for entering into the material related party transactions with JM Financial Products Limited, a subsidiary of the Company.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 25.20% · promoters 0.00% · institutions 70.79% · other public 27.52%

  10. Approval for issuance of non-convertible debentures aggregating up to ₹ 1,000 Crore, on private placement basis and/or through public offer.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 80.85% · promoters 100.00% · institutions 70.79% · other public 29.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Mar 2022, 3 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Navroz Udwadia (DIN:08355220) as an independent director of the Companyn
    Special
    98.77% for1.23% against

    Against: promoters 0.00% · institutions 4.87% · other public 0.09%

    Turnout: all 79.81% · promoters 100.00% · institutions 65.36% · other public 31.83%

  2. Appointment of Ms. Roshini Bakshi (DIN: 01832163) as an Independent Director of the Company.
    Special
    90.40% for9.60% against

    Against: promoters 0.00% · institutions 38.21% · other public 0.08%

    Turnout: all 79.81% · promoters 100.00% · institutions 65.36% · other public 31.83%

  3. Appointment of Mr. Pradip Kanakia (DIN: 00770347) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 79.81% · promoters 100.00% · institutions 65.36% · other public 31.82%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Dec 2021, 5 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of M/s. BSR & Co. LLP, (Firm registration no. 101248W/W-100022) as the statutory auditors of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.04% · other public 0.05%

    Turnout: all 84.84% · promoters 100.00% · institutions 78.94% · other public 35.95%

  2. Appointment of Mr. Atul Mehra (DIN: 00095542) as a Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 84.79% · promoters 100.00% · institutions 78.94% · other public 35.54%

  3. Appointment of Mr. Atul Mehra (DIN: 00095542) as a Joint Managing Director of the Company
    Special
    91.41% for8.59% against

    Against: promoters 0.00% · institutions 28.76% · other public 0.06%

    Turnout: all 84.79% · promoters 100.00% · institutions 78.94% · other public 35.54%

  4. Appointment of Mr. Adi Patel (DIN: 02307863) as a Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 84.71% · promoters 100.00% · institutions 78.94% · other public 34.91%

  5. Appointment of Mr. Adi Patel (DIN: 02307863) as a Joint Managing Director of the Company
    Special
    91.40% for8.60% against

    Against: promoters 0.00% · institutions 28.76% · other public 0.06%

    Turnout: all 84.71% · promoters 100.00% · institutions 78.94% · other public 34.91%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 3 Aug 2026, 7 fund houses so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2026 together with the reports of the Board of Directors and the Auditors thereon.
    7 for0 against
  • Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2026 together with the report of the Auditors thereon.
    7 for0 against
  • Declaration of final dividend on the equity shares for the financial year ended March 31, 2026.
    7 for0 against
  • Appointment of a director in place of Mr. Vishal Kampani (DIN: 00009079), who retires by rotation, and being eligible, offers himself for re-appointment.
    7 for0 against
  • Re-appointment of Ms. Roshini Bakshi (DIN: 01832163) as an Independent Director of the Company for a second term of five (5) consecutive years with effect from December 9, 2026
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern: Total association with the group has exceeded 10 years.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern has been identified on the profile and merit of proposed appointee. Governance concern: Total association with the group has exceeded 10 years.
    4 for3 against
  • Re-appointment of Mr. Navroz Udwadia (DIN: 08355220) as an Independent Director of the Company for a second term of five (5) consecutive years with effect from December 9, 2026.
    Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, SBI Mutual Fund
    • Angel One Mutual FundGovernance and Transparency concern: It appears that position of Independent Director at the Company is an ex-officio position for Udwadia family, as the proposed appointee was initially appointed as an Independent Director upon resignation of his father. Further, the attendance of the proposed appointee is poor in the Board and Committee meetings and no justification for leave of absence has been provided.
    • DSP Mutual Fund, Jio BlackRock Mutual FundNavroz Udwadia, 52, is co-founder and partner at Alpha Wave Global LP. He holds MBA from Harvard Business School and has a law degree from Oxford University. He has worked with Eton Park’s Emerging Markets team in London (2005-2011), JP Morgan (private equity) and Goldman Sachs as an investment banker. He has been on the board since 9 December 2021. He attended two out of five (40%) board meetings held in FY26 and 8 out of 19 (42%) board meetings held in past three years. We expect directors to attend atleast 75% of the board meetings in the year of attendance and over a three-year period prior to reappointment. Given the low attendance, we do not support his reappointment as Independent Director.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern has been identified on the profile and merit of proposed appointee. Governance and Transparency concern: It appears that position of Independent Director at the Company is an ex-officio position for Udwadia family, as the proposed appointee was initially appointed as an ID upon resignation of his father. Further, the attendance of the proposed appointee is poor in the Board and Committee meetings and no justification for leave of absence has been provided.
    • SBI Mutual FundNavroz Udwadia, 52, is co-founder and partner at Alpha Wave Global LP. He holds MBA from Harvard Business School and has a law degree from Oxford University. He has worked with Eton Park’s Emerging Markets team in London (2005-2011), JP Morgan (private equity) and Goldman Sachs as an investment banker. He has been on the board since 9 December 2021. He attended two out of five (40%) board meetings held in FY26 and 8 out of 19 (42%) board meetings held in past three years. Given, Navroz Udwadia’s low attendance, we do not support his reappointment as Independent Director. We do not support the resolution
    1 for6 against
  • Re-appointment of Mr. Pradip Kanakia (DIN: 00770347) as an Independent Director of the Company for a second term of five (5) consecutive years with effect from February 7, 2027.
    7 for0 against
  • Re-appointment of Mr. Sumit Bose (DIN: 03340616) as an Independent Director of the Company for a second term of two (2) consecutive years and seven (7) days with effect from May 24, 2027.
    7 for0 against
  • Approval for entering into material related party transactions with JM Financial Services Limited
    7 for0 against
  • Approval for entering into material related party transactions between the subsidiaries of the Company
    2 for0 against
2 proposals not matched to one resolution
  • Approve material related party transactions between JM Financial Limited’s material subsidiaries, their fellow subsidiaries and their related parties from the 2026 AGM till the 2027 AGM
    1 for0 against
  • To approve material related party transactions between the subsidiaries of the Company, JM Financial Credit Solutions Limited (JMFCSL), JM Financial Products Limited (JMFPL), JM Financial Services Limited (JMFSL), JM Financial Asset Reconstruction Company Limited (JMFARCL), JM Financial Home Loans Limited (JMFHLL), JM Financial Institutional Securities Limited (JMFISL) from the conclusion of the Forty First Annual General Meeting (the AGM) until the conclusion of the Forty Second AGM of the Company to be held in the financial year 2027-28.MoreLess
    Against Angel One Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundTransparency concern: Inadequate disclosure with regards to. basis arms’ length pricing of certain transactions.
    • Navi Mutual FundCompliant with the law. Transparency concern: Inadequate disclosure w.r.t. basis arms’ length pricing of certain transactions.
    2 for2 against

Mutual fund votes, meeting of 12 Aug 2025, 15 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors and the Auditors thereon.
    15 for0 against
  • Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2025, together with the report of the Auditors thereon.
    15 for0 against
  • Declaration of dividend on the equity shares for the financial year ended March 31, 2025.
    14 for0 against
  • Appointment of Mr. Nimesh Kampani (DIN: 00009071), who retires by rotation, and being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: Chairperson related to Managing Director ; such relations may blur the demarcation between the Board & the Management.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of the proposed Appointee. Governance Concern: Chairperson related to MD; such relations may blur the demarcation between the Board & the Management.
    9 for6 against
  • Appointment of Mr. Hariharan Ramamurthi Aiyar (DIN: 01374306) as a Non-Executive, Non-Independent Director of the Company.
    15 for0 against
  • Appointment of Shroff Negandhi and Associates LLP, Company Secretaries, (Firm Registration Number: L2022MH012100 and Peer Review certificate No: 6254/2024), as the Secretarial Auditors of the Company for a term of five (5) consecutive years commencing from the financial year 2025-26 till the financial year 2029-30 and authorise the Board to fix their remuneration.MoreLess
    15 for0 against
  • Approval for entering into the material related party transactions with JM Financial Products Limited.
    15 for0 against
  • Approval for entering into the material related party transactions with JM Financial Services Limited.
    14 for0 against
  • Approval for entering into the material related party transactions with JM Financial Asset Reconstruction Company Limited.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: Inadequate Disclosure with regards to Basis of Arm’s Length Transaction; it is not known if the transactions with un-related parties are (strictly) comparable with the proposed transactions.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Inadequate Disclosure w.r.t. Basis of Arm’s Length Transaction; it is not known if the transactions with un-related parties are (strictly) comparable with the proposed transactions.
    9 for6 against
  • Approval for entering into the material related party transactions between the subsidiaries of the Company.
    1 for0 against
4 proposals not matched to one resolution
  • 10. Approval for material related party transactions between the subsidiaries of the Company's JM Financial Institutional Securities Limited (the JMFISL) for value of the proposed transactions of Rs. 750 Crores, JM Financial Services Limited (the JMFSL), for value of the proposed transactions of Rs. 750 Crores, and ARB Maestro, for value of the proposed transactions of Rs. 500 Crores, shall not, at any point of time, from the conclusion of the Fortieth Annual General Meeting (the AGM) until the conclusion of the Forty First AGM of the Company to be held in the financial year 2026-27.MoreLess
    1 for0 against
  • 3) Declare final dividend of Re. 2.7 per share of face value Re. 1.0 for FY25.
    1 for0 against
  • Approval for material related party transactions between the subsidiaries of the Company's JM Financial Institutional Securities Limited (the JMFISL) for value of the proposed transactions of Rs. 750 Crores, JM Financial Services Limited (the JMFSL), for value of the proposed transactions of Rs. 750 Crores, and ARB Maestro, for value of the proposed transactions of Rs. 500 Crores, shall not, at any point of time, from the conclusion of the Fortieth Annual General Meeting (the AGM) until the conclusion of the Forty First AGM of the Company to be held in the financial year 2026-27.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: Inadequate Disclosure with regards to Basis of Arm’s Length Transaction; it is not known if the transactions with un-related parties are (strictly) comparable with the proposed transactions.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Inadequate Disclosure w.r.t. Basis of Arm’s Length Transaction; it is not known if the transactions with un-related parties are (strictly) comparable with the proposed transactions.
    7 for6 against
  • Approval for material related party transactions with JM Financial Services Limited, shall not, at any point of time, exceed Rs. 750 crore from the conclusion of the Fortieth Annual General Meeting (the AGM) until the conclusion of the Forty First AGM of the Company to be held in the financial year 2026-27.MoreLess
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 28 Nov 2024, 13 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Re-appointment of Mr. P S Jayakumar (DIN: 01173236) as an Independent Director of the Company for a period of five (5) years with effect from July 30, 2025 to July 29, 2030 (both the days inclusive).
    12 for0 against
  • Re-appointment of Mr. Adi Patel (DIN: 02307863) as a Managing Director of the Company for a period of three (3) years with effect from October 01, 2024 to September 30, 2027 (both the days inclusive).
    Against Axis Mutual Fund, Mirae Asset Mutual Fund, Navi Mutual Fund
    • Axis Mutual FundAdi Patel was paid a remuneration of Rs 71.2 mn for FY24 which includes performance bonus but does not include fair value of stock options granted as the quantum of options granted has not been disclosed by the company. The company proposes to reappoint him as Managing Director for a period of three years. Over the period of appointment, his proposed cash remuneration can range from Rs 90.0 mn – Rs 126.0 mn including performance bonus. However, there is no guidance or clarity on his stock option grants which will be at the discretion of the NRC – therefore, we are unable to estimate his aggregate remuneration. Furthermore, his remuneration in the past and that proposed, is not commensurate with the performance of the company and is higher than industry peers. The company must disclose metrics that determine variable pay. We are unable to support the resolution
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Navi Mutual FundAdi Patel was paid a remuneration of Rs 71.2 mn for FY24 which includes performance bonus. The company confirms that he was not granted any stock options in the last three years. The company proposes to reappoint him as Managing Director for a period of three years. Over the period of appointment, his proposed cash remuneration can range from Rs 90.0 mn – Rs 126.0 mn including performance bonus. However, there is no guidance or clarity on his stock option grants or cap on the maximum fair value of the stock options that may be granted – which will be at the discretion of the NRC – therefore, we are unable to estimate his aggregate remuneration. Furthermore, his remuneration in the past and that proposed, is not commensurate with the performance of the company and is higher than industry peers. The company must disclose metrics that determine variable pay. We are unable to support the resolution.
    9 for3 against
  • Appointment of Mr. Vishal Kampani (DIN: 00009079), the Vice Chairman of the Company, as its Managing Director for a period of five (5) years with effect from October 01, 2024 to September 30, 2029 (both the days inclusive).MoreLess
    Against Axis Mutual Fund, Mirae Asset Mutual Fund, Navi Mutual Fund
    • Axis Mutual FundVishal Kampani was paid a remuneration of Rs 133.8 mn from two subsidiary companies of JM Financial in FY24. He has stepped off the board of JM Credit Solutions but will continue on the board of JM Financial Products Ltd. The company proposes to appoint him as Managing Director for a period of five years (he had stepped off the board of JM Financial on 30 September 2021). Over the period of appointment, his proposed remuneration from JM Financial can range from Rs 200.0 mn – Rs 290.0 mn including performance bonus. However, there is no guidance or clarity on what his remuneration from JM Financial Products will be and shareholders will not be able to approve his entire remuneration from the JM Group. Remuneration terms also include reimbursement of actual medical expenses incurred in India and/or abroad for Vishal Kampani, his spouse, dependent children and his parents. We are of the opinion that medical expenses for self and family should be borne by the employee and not the company, given the personal nature of such expenses. Furthermore, his remuneration in the past and the one proposed, is not commensurate with the performance of the company and is higher than industry peers. The company must disclose metrics that determine variable pay. We do not support the resolution
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Navi Mutual FundVishal Kampani was paid a remuneration of Rs 133.8 mn from two subsidiary companies of JM Financial in FY24. He has stepped off the board of JM Financial Products but will continue on the board of JM Credit Solutions. The company proposes to appoint him as Managing Director for a period of five years (he had stepped down as Managing Director of JM Financial on 30 September 2021). Over the period of appointment, his proposed remuneration from JM Financial can range from Rs 200.0 mn – Rs 290.0 mn including performance bonus. However, there is no guidance or clarity on what his remuneration from JM Credit Solutions will be and shareholders will not be able to approve his entire remuneration from the JM Group. Remuneration terms also include reimbursement of actual medical expenses incurred in India and/or abroad for Vishal Kampani, his spouse, dependent children and his parents. We are of the opinion that medical expenses for self and family should be borne by the employee and not the company, given the personal nature of such expenses. Furthermore, his remuneration in the past and the one proposed, is not commensurate with the performance of the company and is higher than industry peers. The company must disclose metrics that determine variable pay. We do not support the resolution.
    9 for3 against
1 proposal not matched to one resolution
  • 1. Re-appointment of Mr. P S Jayakumar (DIN: 01173236) as an Independent Director of the Company for a period of five (5) years with effect from July 30, 2025 to July 29, 2030 (both the days inclusive) 2. Re-appointment of Mr. Adi Patel (DIN: 02307863) as a Managing Director of the Company for a period of three (3) years with effect from October 1, 2024 to September 30, 2027 (both the days inclusive) 3. Appointment of Mr. Vishal Kampani (DIN: 00009079), who is currently the Vice Chairman of the Company as its Managing Director for a period of five (5) years with effect from October 1, 2024 to September 30, 2029 (both the days inclusive)MoreLess
    1 for0 against

Mutual fund votes, meeting of 6 Aug 2024, 9 fund houses

  • Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2024 together with the reports of the Board of Directors and Auditors thereon.
    9 for0 against
  • Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 together with the report of the Auditors thereon.
    9 for0 against
  • Declaration of dividend for the financial year 2023-24.
    9 for0 against
  • Appointment of Mr. Adi Patel (DIN: 02307863), who retires by rotation, at the Thirty Ninth Annual General Meeting, pursuant to the provisions of Section 152 of the Companies Act, 2013 and being eligible, offers his candidature for re-appointment, as a director of the Company.MoreLess
    9 for0 against
  • Appointment of KKC & Associates LLP (the ¿KKC¿), Chartered Accountants, (Firm Registration No. 105146W/W100621) Mumbai, as the Statutory Auditors of the Company and authorise the Board of Directors to fix their remuneration.MoreLess
    Against Axis Mutual Fund, Edelweiss Mutual Fund, SBI Mutual Fund
    • Axis Mutual Fund, SBI Mutual FundIn the 2022 AGM, the company appointed BSR & Co. LLP, as statutory auditors for five years. Further, BSR & Co. LLP are serving as Statutory auditors of one of its material subsidiaries viz., JM Financial Credit Solutions Limited (JMFCSL), an NBFC registered with RBI since FY22. Thus, in accordance with the provisions of the guidelines issued by the RBI, BSR & CO. LLP have completed their three-year tenure as auditors of JMFCSL. As a result, the Group audit coverage of BSR & Co. has substantially reduced. Therefore, in order to have sufficient audit coverage by a single auditor across the Group, it is proposed that a common auditor is appointed for the Company and few of its subsidiaries. BSR & Co., LLP were paid audit fees of Rs. 4.7 mn in FY24. The company proposes to pay an audit fee (including fees for limited review) of Rs. 5.0 mn excluding applicable taxes and reimbursement of out-of-pocket expenses to KKC & Associates LLP for FY25. We believe the remuneration is reasonable for the scale of business. Notwithstanding, we note that KKC & Associates LLP have been statutory auditors of the company’s subsidiary: Infinite India Investment Management Limited since 2013 and have been auditors of JM Financial Asset Management Limited since 2018. While the appointment is in line with statutory requirements, we raise concerns over auditor independence and objectivity given the long and continued association with the group. Since the overall association of KKC & Associates LLP with the group exceeds ten years, we are unable to support their appointment.
    • Edelweiss Mutual FundTwo resolutions clubbed in one
    6 for3 against
  • Approval for entering into the material related party transactions with JM Financial Credit Solutions Limited, a subsidiary of the Company.
    9 for0 against
  • Approval for entering into the material related party transactions with JM Financial Asset Reconstruction Company Limited, a subsidiary of the Company.
    9 for0 against
  • Approval for entering into the material related party transactions with JM Financial Products Limited, a subsidiary of the Company.
    9 for0 against
  • Approval for entering into the material related party transactions with JM Financial Services Limited, a subsidiary of the Company
    9 for0 against
  • Approval for material related party transactions between the subsidiaries of the Company
    9 for0 against
  • Approval for entering into material related party transaction with INH Mauritius 1, a related party of JM Financial Credit Solutions Limited, a subsidiary of the Company
    Against Groww Mutual Fund
    • Groww Mutual FundCompliant with law. Transparency Concern: Valuation report not disclosed.
    8 for1 against
  • Approval for entering into the material related party transaction with JM Financial Credit Solutions Limited, a subsidiary of the Company, for sale of equity shares of JM Financial Asset Reconstruction Company Limited, held by the Company.MoreLess
    Against Groww Mutual Fund
    • Groww Mutual FundCompliant with law. Transparency Concern: Valuation report not disclosed.
    8 for1 against

Mutual fund votes, meeting of 3 Aug 2023, 7 fund houses

  • Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2023 together with the reports of the Board of Directors and the Auditors thereon.
    7 for0 against
  • Adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2023 together with report of the Auditors thereon
    7 for0 against
  • Declaration of a final dividend for the financial year ended March 31, 2023.
    7 for0 against
  • Appointment of Mr.Vishal Kampani (DIN: 00009079), as a Non-Executive Director of the Company, who retires by rotation and, being eligible, offers himself for re-appointment.
    7 for0 against
  • Approval for entering into the material related party transactions with JM Financial Credit Solutions Limited, a subsidiary of the Company.
    7 for0 against
  • Approval for entering into the material related party transactions with JM Financial Asset Reconstruction Company Limited, a subsidiary of the Company.
    7 for0 against
  • Approval for entering into the material related party transactions with JM Financial Products Limited, a subsidiary of the Company.
    7 for0 against
  • Approval for issuance of non-convertible debentures aggregating up to ₹ 1,000 Crore, on private placement basis and/or through public offer.
    7 for0 against

Mutual fund votes, meeting of 2 Aug 2022, 6 fund houses

  • Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2022 together with the reports of the Board of Directors and Auditors thereon.
    6 for0 against
  • Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2022 together with the Auditor’s report thereon.
    6 for0 against
  • Declaration of final dividend for the financial year ended March 31, 2022.
    6 for0 against
  • Re-appointment of Mr. Nimesh Kampani (DIN: 00009071), as a Non-Executive Director of the Company, who retires by rotation and, being eligible, offers himself for re-appointment.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundOrdinary resolution for director above 75 years age
    5 for1 against
  • Appointment of BSR & Co. LLP, Chartered Accountants (Firm registration no. 101248W/W-100022), Mumbai, as the Statutory Auditors of the Company and authorise the Board of Directors to fix their remuneration.MoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundInadequate disclosure
    5 for1 against
  • Appointment of Mr. Sumit Bose (DIN: 03340616) as an independent director of the Company
    6 for0 against
  • Approval for entering into the material related party transactions with JM Financial Credit Solutions Limited, a subsidiary of the Company.
    6 for0 against
  • Approval for entering into the material related party transactions with JM Financial Asset Reconstruction Company Limited, a subsidiary of the Company.
    6 for0 against
  • Approval for entering into the material related party transactions with JM Financial Products Limited, a subsidiary of the Company.
    6 for0 against
  • Approval for issuance of non-convertible debentures aggregating up to ₹ 1,000 Crore, on private placement basis and/or through public offer.
    6 for0 against

Mutual fund votes, meeting of 23 Mar 2022, 7 fund houses

  • Appointment of Mr. Navroz Udwadia (DIN:08355220) as an independent director of the Companyn
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundEx officio position of ID
    6 for1 against
  • Appointment of Ms. Roshini Bakshi (DIN: 01832163) as an Independent Director of the Company.
    Against ICICI Prudential Mutual Fund, Nippon India Mutual Fund
    • ICICI Prudential Mutual FundPursuant to Companies Act, 2013, an independent director can be appointed on the Board of a company for a maximum of two terms of five years each. Ms. Roshini Bakshi has been an Independent Director on the board of JM Financial Products Limited (a subsidiary of JM Financial Limited) for a period of seven years. Appointment of Ms. Roshini Bakshi on the Board of JM Financial Limited as Independent Director for a period of five years would result into a total association with JM Financial Group exceeding 10 years as Independent Director. Hence, AMC has voted against the resolution.
    • Nippon India Mutual FundProlonged association with the group
    5 for2 against
  • Appointment of Mr. Pradip Kanakia (DIN: 00770347) as an Independent Director of the Company.
    7 for0 against

Mutual fund votes, meeting of 14 Dec 2021, 6 fund houses

  • Appointment of M/s. BSR & Co. LLP, (Firm registration no. 101248W/W-100022) as the statutory auditors of the Company
    6 for0 against
  • Appointment of Mr. Atul Mehra (DIN: 00095542) as a Director of the Company
    6 for0 against
  • Appointment of Mr. Atul Mehra (DIN: 00095542) as a Joint Managing Director of the Company
    6 for0 against
  • Appointment of Mr. Adi Patel (DIN: 02307863) as a Director of the Company
    6 for0 against
  • Appointment of Mr. Adi Patel (DIN: 02307863) as a Joint Managing Director of the Company
    6 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 3 complaints open, quarter to Dec 2024.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
QIPJun 2020770.00––NoAuditors: Not required since not applicable
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.