JM Financial Limited — Important, 12-05-2025: General Updates

JM Financial has announced a board meeting to approve the financial results for the quarter and half-year. It proposed a dividend of Rs. 2.70 per share, implying a cash outflow of Rs. 258 Cr if approved. The company strengthened governance with a new Additional Non-Executive Director and appointed secretarial auditors for five years. Senior management was reshuffled across key functions. Strategic moves include consolidating wealth management through a slump sale to a subsidiary and increasing its stake in JM Financial Credit Solutions, signaling a focus on credit and asset reconstruction.