General Updates

July 10, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza 1st Floor, New Trading Ring Plot No.C-1, G Block Rotunda Building, P J Towers Bandra-Kurla Complex Dalal Street, Fort, Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Security Code: 523405 Symbol: JMFINANCIL Dear Sirs, Re: Business Responsibility and Sustainability Report for the financial year 2025-26 Pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “SEBI Listing Regulations”), we are submitting herewith the Business Responsibility and Sustainability Report of the Company for the financial year 2025-26 (the “BRSR”), which forms part of the Company’s Forty First (41st) Annual Report. The BRSR is also available on the Company’s website at https://jmfl.com/investor- relation/agm-egm.html. We request you to take the above information on record and disseminate the same on your website, as you may deem appropriate. Thank you. Yours truly, For JM Financial Limited Hemant Pandya Company Secretary & Compliance Officer Encl.: as above JM Financial Limited Corporate Identity Number: L67120MH1986PLC038784 Regd. Office: 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025. T: +91 22 6630 3030 F: +91 22 6630 3223 www.jmfl.com Business Responsibility and Sustainability Reporting (BRSR) Section A: General disclosures I. Details of the listed entity 1. Corporate Identity Number (CIN) of the Listed Entity L67120MH1986PLC038784 2. Name of the Entity JM Financial Limited (the “Company”/ “JMFL”) 3. Year of Incorporation 1986 4. Registered office address 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025 5. Corporate address 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025 6. E-mail ecommunication@jmfl.com 7. Telephone +91 22 6630 3030 8. Website www.jmfl.com 9. Financial year for which reporting is being done FY 2025-26 (April 1, 2025 to March 31, 2026) 10. Name of the Stock Exchange(s) where shares are listed • BSE Limited (the “BSE”) • National Stock Exchange of India Limited (the “NSE”) 11. Paid-up Capital H 95,63,70,552 (as on March 31, 2026) 12. Name and contact details (telephone, email address) of the person Mr. Adi Patel who may be contacted in case of any queries on the BRSR report Mr. Gagan Kothari Telephone: + 91 22 6630 3030 Email: sustainability@jmfl.com 13. Reporting boundary are the disclosures under this report made on Disclosures made in this report are made on a standalone a standalone basis (i.e., only for the entity) or on a consolidated basis and relates only to the Company, unless otherwise basis (i.e., for the entity and all the entities which form a part of its specified consolidated financial statements, taken together). 14. Name of assurance provider SGS India Private Limited 15. Type of assurance obtained Reasonable assurance on BRSR Core indicators only. Refer Annexure I for Independent reasonable assurance report II. Products/services 16. Details of business activities (accounting for 90% of the turnover): Sr. % of Turnover of the Entity Description of Main Activity Description of Business Activity No. (FY 2025-26) 1. Financial and Insurance Services Other financial activities, financial service activities (except 100% insurance and pension funding) 154 JM Financial Limited Statutory Reports 17. Products/ Services sold by the entity (accounting for 90% of the entity’s Turnover) Sr. % of Total Turnover Product/Service NIC Code* No. Contributed 1. Investment Banking: The Company’s Investment Banking division offers variety of services 661902 45.51 such as advisory on Mergers & Acquisitions and Restructuring, Capital Markets Services, Syndication of Private Equity transactions, amongst others. 2. Portfolio Management Services (PMS): The PMS business includes Discretionary, Non- 663003 1.54 Discretionary and Advisory services. These offerings are aimed at helping clients meet their financial objectives through a disciplined investment process, with regular risk evaluation. 3. Activities of holding companies 6421 53.41 4. Management of other investment funds: 663099 (0.46) The Company acts as the investment manager for the Alternative Investment Funds in the Private Equity space (the “Funds”). The Funds focus on growth capital investments, supporting entrepreneurs and management teams with the vision to create scalable and sustainable businesses. *As per National Industrial Classification 2025 – Ministry of Statistics and Programme Implementation. ** Effective April 1, 2025, the Private Wealth Management Division was transferred to JM Financial Services Limited (“JMFSL”), a Wholly Owned subsidiary of the Company III. Operations 18. Number of locations where plants and/or operations/offices of the entity are situated: Location Number of plants* Number of offices Total National Not Applicable 6 6 International Not Applicable Nil Nil *JMFL operates in the financial services sector and is not engaged in any manufacturing activity. 19. Markets served by the entity: Number of locations National (No. of States) International (No. of Countries) 20*# 7# *includes 2 Union Territories #services provided to client belonging to these countries/ states. Annual Report 2025-26 155 Business Responsibility and Sustainability Reporting (Contd..) a. What is the contribution of exports as a percentage of the total turnover of the entity? Exports accounted for 0.66% of the Company’s overall turnover in the FY 2025–26. b. A brief on types of customers JMFL offers a range of financial services, including Investment Banking, Private Equity and Portfolio Management Services. The client categories served across these business segments are as follows: i. Investment Banking: Investment banking serves a diverse clientele that includes institutional, corporate, government, and Ultra High-Net-Worth Individuals (Ultra HNIs). ii. Private Equity: The Private Equity business caters to High-Net-Worth Individuals (HNIs), Ultra HNIs, Family offices, Institutional investors, Corporates, Banks, NBFCs, NRIs, foreign entities iii. Portfolio Management Services: PMS caters to HNIs, Ultra HNIs, Family Offices, and Institutions. IV. Employees 20. Details at the end of Financial Year - March 31, 2026 i. Employees and workers (including differently abled): Sr. Male Female Particulars Total (A) No. No. (B) % (B / A) No. (C) % (C / A) Employees 1. Permanent (D) 252 166 66% 86 34% 2. Other than Permanent (E) 6 5 83% 1 17% 3. Total employees (D + E) 258 171 66% 87 34% Workers* 4 Permanent (F) 5 Other than Permanent (G) N. A 6 Total workers (F + G) * JMFL does not employ any permanent or contractual workers, owing to the nature of its business operations. Effective April 1, 2025, the Private Wealth Management Division was transferred to JM Financial Services Limited (“JMFSL”), a Wholly Owned subsidiary of the Company resulting in transfer of employees hence a significant reduction in number of employees can be observed compare to FY 2024-25. ii. Differently abled Employees: Sr. Male Female Particulars Total (A) No. No. (B) % (B / A) No. (C) % (C / A) Employees 1. Permanent (D) Nil Nil Nil Nil Nil 2. Other than Permanent (E) Nil Nil Nil Nil Nil 3. Total employees (D + E) Nil Nil Nil Nil Nil 156 JM Financial Limited Statutory Reports iii. Differently abled Workers: Sr. Male Female Particulars Total (A) No. No. (B) % (B / A) No. (C) % (C / A) Workers* 1. Permanent (D) 2. Other than Permanent (E) Not Applicable 3. Total workers (D + E) *JMFL does not employ any permanent or contractual workers, owing to the nature of its business operations. 21. Participation/Inclusion/Representation of women No. and percentage of Females Category Total (A) No. (B) % (B / A) Board of Directors 9* 1 11.11% Key Management Personnel (KMP)* 4** 0 0 *KMP includes the Managing Directors, Chief Financial Officer and Company Secretary as defined un [Showing first 8,000 characters — download PDF for full document]