JM Financial Ltd.

In continuation of earlier letters (copies enclosed for the ready reference), JM Financial has informed that the company has on March 18, 2025 sold 57,09,32,034 equity shares held by the Company, representing 71.79% of the equity share capital of JM Financial Asset Reconstruction Company (‘JMFARC’) to JM Financial Credit Solutions (‘JMFCSL’). Post this sale, the Company’s direct holding in JMFARC will be nil, and through JMFCSL will be 81.77%. Further, the Company, pursuant to the receipt of regulatory approvals, has on March 18, 2025 acquired 12,15,296 equity shares, representing 42.99% of the equity share capital of JMFCSL, from INH Mauritius 1 (‘INH’). The shareholding of the Company in JMFCSL post-acquisition stands at 89.67%. Other customary actions including regulatory filings, as applicable, in connection with the above-mentioned sale and acquisition of equity shares will be undertaken in due course. 

The above information is a part of company’s filings submitted to BSE.