JM Financial: Update On The Disclosures Made By Us On July 20 2022 And July 22 2022 Under Regulations 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 | Value Research

JM Financial: Update On The Disclosures Made By Us On July 20 2022 And July 22 2022 Under Regulations 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015

We refer to our letters dated July 20 2022 and July 22 2022 (copies enclosed for your ready reference).In this connection we wish to inform you that BigHaat Agro Private Limited (the BigHaat) has allotted 2 708 Compulsory Convertible Securities (the Securities) of the face value of Rs. 100/- each in the second tranche to JM Financial Products Limited a material subsidiary of the Company on October 3 2022. Additionally post conversion of the allotment in first tranche (1 834) and second tranche (2 708) of the Securities of BigHaat the holding of JM Financial Products Limited would aggregate up to 12.8% on a fully diluted basis.

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