NSEGeneral Updates2d ago · 12 Oct 2026, 10:11 pm
General Updates
JM Financial Limited · JMFINANCIL
✦ AI SummaryJoint Venture
JM Financial Limited has informed the Exchange that JM Financial (Middle East) Limited has been incorporated as a wholly owned step-down subsidiary of the Company in Abu Dhabi Global Market.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
JM Financial Limited has informed the Exchange that JM Financial (Middle East) Limited has been incorporated today i.e., October 12, 2026, in Abu Dhabi Global Market, as a wholly owned subsidiary of JM Financial Overseas Holdings Private Limited and a wholly owned step-down subsidiary of the Company.
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October 12, 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,
Sub: Disclosure under Regulation 30 of the SEBI Listing Regulations
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing
Regulations, we wish to inform you that “JM Financial (Middle East) Limited” has been
incorporated today i.e., October 12, 2026, in Abu Dhabi Global Market, as a wholly owned
subsidiary of JM Financial Overseas Holdings Private Limited and a wholly owned step-down
subsidiary of the Company.
The requisite details pursuant to Regulation 30 of SEBI Listing Regulations read with SEBI
Master Circular dated January 30, 2026, is enclosed hereto and marked as Annexure A.
The said intimation is also being uploaded on the website of the Company at
https://jmfl.com/investor-relation/announcements.html and can be accessed by
scanning the QR Code provided.
We request you to kindly take the above on your 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
Annexure A
Disclosure pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026
Sr. No. Particulars Details
1. Name of the target entity, details in JM Financial (Middle East) Limited, has
brief such as size, turnover, etc. been incorporated today i.e. October 12,
2026, in Abu Dhabi Global Market, as a
wholly owned step-down subsidiary of the
Company.
Turnover, Size: Not applicable since it is
a newly incorporated entity.
2. Whether the acquisition would fall Not Applicable, considering the intimation
within related party transaction(s)? is relating to the incorporation of a wholly
owned step-down subsidiary of the
Company.
Whether the promoter/promoter No
group/ group companies have any
interest in the entity being acquired?
If yes, nature of interest and details
thereof and whether the same is done
at “arm’s length”.
3. Industry to which the entity being Financial Services
acquired belongs
4. Objects and impact of acquisition JM Financial (Middle East) Limited, has
(including but not limited to, been incorporated as a wholly owned
disclosure of reasons for acquisition step-down subsidiary of the Company to
of target entity, if its business is carry out activities relating to arranging
outside the main line of business of deals in investments, arranging custody,
the listed entity) arranging credit, advising on investments or
credit and managing assets.
5. Brief details of any governmental or ADGM Registration Authority and any
regulatory approvals required for the other approvals, as may be required
acquisition
6. Indicative time period for completion Not Applicable
of the acquisition
7. Consideration - whether cash Not Applicable
consideration or share swap or any
other form and details of the same
8. Cost of acquisition and/or the price Not Applicable
at which the shares are acquired
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
Sr. No. Particulars Details
9. Percentage of shareholding / control 100% share capital will be held by
acquired and / or number of shares JM Financial Overseas Holdings Private
acquired Limited, a wholly owned subsidiary of the
Company.
10. Brief background about the entity Date of Incorporation: October 12, 2026
acquired in terms of products / line
of business acquired, date of Line of business: Refer point no. 4 above
incorporation, history of last 3 years
turnover, country in which the History of last 3 years turnover: Not
acquired entity has presence and any Applicable as it is a newly incorporated
other significant information (in entity.
brief)
Country in which the acquired entity
has presence: Abu Dhabi, United Arab
Emirates
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