Vertex Securities Ltd — Updates, 05-05-2025: Company Update

JM Financial Asset Reconstruction Company Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported total income from operations of ₹211.31 Cr (standalone) and ₹176.54 Cr (consolidated) for the year ended. Net profit before tax stood at a loss of ₹2.71 Cr (standalone) and ₹60.69 Cr (consolidated), with net losses after tax at ₹29.79 Cr and ₹87.92 Cr respectively. The Reserve Bank of India approved the change in the sponsor from JM Financial Limited to JM Financial Credit Solutions Limited, following acquisition of a 71.79% holding, effective March 18. This sponsorship change may impact strategic direction and financial support.