JM Financial Limited has recommended a final dividend of Rs 1.75 per equity share for the financial year 2025-26. The dividend proposal is subject to shareholder approval at JM Financial's ensuing annual general meeting.
The record date for determining members eligible for the dividend payment has been fixed as June 12, 2026. The dividend, if declared at the AGM, will be paid within 30 days from the date of the annual general meeting, after deducting tax at source as applicable.
The board of directors, at its meeting held on May 29, 2026, approved the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The audited financial results have been published on the company's website, as required under SEBI regulations.
The 41st annual general meeting of JM Financial is scheduled for August 3, 2026.
The board has recommended the re-appointment of four independent directors for a second term, subject to shareholder approval. Ms. Roshini Bakshi and Mr. Navroz Udwadia have been proposed for re-appointment effective December 9, 2026, while Mr. Pradip Kanakia has been proposed effective February 7, 2027, and Mr. Sumit Bose effective May 24, 2027.
The board also designated three officials as senior management persons: Ms. Neha Agarwal as Managing Director and Head - Equity Capital Markets, Ms. Swapna Dey as Managing Director - Capital Solutions Group, and Mr. Nitin Idnani as Managing Director - Real Estate Advisory.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.