JMJ Fintech Approves 25.6 Million Share Rights Issue to Finance Capital Base

JMJ Fintech Ltd. has approved the issue of 25.6 million shares by means of rights issue to fund its finances and assist in financing future expansion strategies. The step, taken in a regulatory filing, reflects the desire of the company to enhance shareholder value and liquidity.

 

Key Highlights: Rights issue approved for 25.6 million shares, to reinforce capital buffers.

 

Proceeds will be used for business expansion and operational improvement.

 

Strong firm financials with 129.6% YoY increase in revenue.

 

Net profit grew 141.8% YoY, showing good earnings momentum.

 

Stocks remain strong with heavy volume and investor interest.

 

This strategic move positions JMJ Fintech Ltd. for long-term financial sustainability, enabling continued growth and competitiveness in the market.

 

Source: Trendlyne | Bajaj Finserv