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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
JMJ Fintech Ltd

JMJ Fintech Rights Issue: 8,61,137 shares converted to fully paid-up

FUNDRAISE ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 27 Apr 2026, 06:13 PM IST  ·  BSE ID: b572d05f-53df-4b33-abb5-979cb893bae2
View Original BSE Filing (PDF)
💡
In Simple Terms
JMJ Fintech collected final payment from shareholders on 8.6 lakh partly paid shares issued in its rights offering, converting them to fully paid shares.
🤖 AI Summary
  • Rights issue first and final call completed: 8,61,137 shares converted to fully paid-up status
  • Call money received at ₹7.35 per partly paid-up equity share during March 11-25, 2026
  • Uptake rate: 8,61,137 of 16,15,589 partly paid-up shares (53.2% participation)
  • Record date set December 19, 2025; final demand notice dispatched to eligible shareholders
  • Rights Issue Committee approval granted April 27, 2026 for share conversion
🔢 Key Numbers — exact figures from BSE filing, not rounded
Partly paid-up shares converted to fully paid
8,61,137 shares
Call money collected per share
₹7.35
Total partly paid-up shares issued in rights
16,15,589 shares
Uptake percentage on rights issue
53.2%
Unpaid partly paid-up shares subject to forfeiture
7,54,452 shares
Total call money received (calculated)
₹63,23,558.95
🏢 How This Affects the Company
💰
Financial Impact
Capital mobilization from rights issue partially completed. Receipt of ₹63,23,558.95 in call money (8,61,137 shares × ₹7.35) strengthens cash position. Remaining 7,54,452 partly paid shares represent uncollected call money of ₹55,45,273.
⚠️
Risk Impact
Forfeiture process underway for 7,54,452 shares where call money was not received by March 25, 2026 deadline. Forfeited shares will be returned to company treasury, reducing intended capital raise and shareholder base expansion from this rights issue.
👥 What This Means For Shareholders
✅
Action Required
If you hold partly paid-up shares: verify conversion status with registrar and confirm fully paid status reflected in demat account.
👤
Who Is Affected
Shareholders who subscribed to rights issue and paid call money on or before March 25, 2026 have 8,61,137 shares converted to fully paid. Shareholders who failed to pay call money on remaining 7,54,452 shares will face forfeiture process.
🔍
Management Signal
Company proceeding with forfeiture of unpaid rights shares as per terms, indicating disciplined capital governance. Lower-than-full uptake suggests market conditions or shareholder preference for debt/external funding over equity dilution.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Forfeiture notice and treasury share accounting — check Reg 30 disclosure for share cancellation decision
Auction or allotment of forfeited shares to institutional buyers or market — track capital raised
Board approval for final use of funds and shareholder base composition post-forfeiture — verify filing
MEDIUM RISK 46.8% non-uptake on rights issue suggests weaker-than-expected capital mobilization and shareholder demand. Forfeiture creates corporate governance and capital efficiency concerns.
💡 Investor Takeaway
Rights issue partially completed: 8,61,137 shares converted to fully paid-up at ₹7.35 per share call. Cash inflow of ₹63,23,558.95 secured. Remaining 7,54,452 unexercised shares (46.8%) subject to forfeiture and treasury share treatment.
⚖️ Strengths & Concerns

✅ Positives

  • Over 53% uptake rate on rights issue demonstrates shareholder confidence in capital raise plan
  • Structured capital collection with clear record dates and call periods reduces ambiguity and administrative risk

⚠️ Concerns

  • 46.8% non-uptake rate (7,54,452 shares) indicates partial shareholder participation shortfall on rights offering
  • Forfeiture of unpaid shares reduces net capital mobilized and increases share cancellation administrative burden
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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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