Description

BSE permits trading in 2,39,83,911 new equity shares of JMJ Fintech Ltd. (Scrip Code: 538834) effective March 04, 2026, arising from conversion of partly paid shares to fully paid up shares issued on rights basis.

Summary

BSE has notified trading members that 2,39,83,911 new equity shares of JMJ Fintech Ltd. (Scrip Code: 538834) are available for trading effective Wednesday, March 04, 2026. These shares arise from the conversion of partly paid shares to fully paid up equity shares of Rs. 10/- each, originally issued on a rights basis.

Key Points

  • Trading permitted in 2,39,83,911 new equity shares of JMJ Fintech Ltd. from March 04, 2026
  • Shares are fully paid up with face value of Rs. 10/- each
  • Securities were issued on rights basis and have now been converted from partly paid to fully paid status
  • ISIN: INE242Q01016
  • Distinctive numbers range: 12800001 to 36783911 (total: 2,39,83,911 shares)
  • New shares rank pari-passu with existing equity shares of the company

Regulatory Changes

No new regulatory changes. This is a standard listing notification under BSE’s process for admitting new securities upon completion of conversion from partly paid to fully paid status.

Compliance Requirements

  • Trading members are permitted (and implicitly required) to ensure trades in these new securities commence only from March 04, 2026
  • Members should update their systems with the new distinctive number range (12800001 to 36783911) for settlement and reference purposes

Important Dates

  • Circular Date: March 02, 2026
  • Trading Commencement Date: Wednesday, March 04, 2026

Impact Assessment

This is a company-specific listing event with limited broader market impact. Existing shareholders of JMJ Fintech Ltd. who held partly paid rights shares will see their holdings converted to fully paid shares, increasing the tradable float by 2,39,83,911 shares. The pari-passu nature of these shares means no dilution of rights relative to existing shareholders. Market members should note the ISIN INE242Q01016 for trading and settlement from the effective date.

Impact Justification

Routine listing notice for a single company's conversion of partly paid rights shares to fully paid equity shares. Limited market-wide impact; affects only JMJ Fintech Ltd. shareholders who subscribed to the rights issue.