JM Financial Details Business Responsibilities and Sustainability Performance for FY 2025-26

JM Financial Details Business Responsibilities and Sustainability Performance for FY 2025-26​

JM Financial Limited, a financial services institution incorporated in 1986, has detailed its operational footprint and sustainability efforts through its Business Responsibility and Sustainability Report (BRSR) for the fiscal year ending March 31, 2026. The report covers various facets of environmental stewardship, labor practices, and ethical governance across the company's operations.

Core Business and Operations Overview​

JMFL derives 100% of its turnover from financial activities, encompassing other financial service activities (excluding insurance and pension funding). Key revenue streams include Investment Banking (45.51% of turnover), Activities of holding companies (53.41%), and Portfolio Management Services (1.54%). The company operates through 6 offices nationally and has no international offices listed in the provided data.

As of March 31, 2026, the entity reported a paid-up capital of H 95,63,70,552. JMFL serves diverse clientele across its business segments, ranging from institutional and corporate clients in Investment Banking to High Net Worth Individuals (HNIs) and Family Offices served by Portfolio Management Services.

The company maintains extensive operational reach through its various subsidiary entities, with subsidiaries such as JM Financial Institutional Securities Limited and JM Financial Services Limited holding 100% of shares in the listed entity. Other subsidiaries include JM Financial Products Limited at 99.82% and JM Financial Credit Solutions Limited at 96.50%.

Sustainability and ESG Commitment​

The company's sustainability approach is guided by a Risk Management and Environment, Social & Governance (RM and ESG Committee). The BRSR outlines material topics across various domains, including Waste Management, Digital Transformation, Responsible Investment, Customer Experience, and Employee Learning and Development.

In terms of environmental performance for FY 2025-26:

• Energy Footprint: Total energy consumption was 2318.39 GJ. The company achieved a renewable energy contribution of 3.1% at the Cnergy office in Mumbai, contributing to the overall sustainability journey.
• GHG Emissions: The entity recorded total GHG emissions (Scope 1 and Scope 2) at 405.14 Metric tons of CO2 equivalent, showing an intensity of 0.34 TCO2e per rupee of turnover.
• Water Management: Total water withdrawal was 2879.28 KL from third-party sources. The company noted a consumption rate of 575.86 KL, resulting in a water intensity of 0.48 KL/mn (H).

Ethical Oversight and Governance Standards​

JMFL maintains a strong commitment to ethical oversight, reinforced by the Board's RM and ESG Committee. Significant internal processes include:

• Ethical Conduct: The company adopted six new policies with Board approval for FY 2025-26, including Health and Safety, Equal Employment Opportunities (DE&I), Stakeholder Engagement, Anti-Bribery & Anti-Corruption (ABAC), Tax, and Human Rights.
• Responsible Investing: The Private Equity business operates under an ESG Investment Policy, with the firm actively embedding ESG considerations into deal due diligence.
• Stakeholder Feedback: Grievance redressal mechanisms are established for various groups. For FY 2025-26, nine grievances were received from Shareholders, with one pending resolution at year-end.

Workforce and Labor Practices​

The company reported a total workforce of 258 employees as of March 31, 2026. Out of this figure, 171 are male, and 87 are female (representing 34% of the total workforce). The firm ensures that all processes comply with statutory requirements regarding labor laws.

Key details related to employee welfare and training include:

• Training: Training programs focused on BRSR capacity building, ESG topics, POSH guidelines, and cybersecurity awareness were provided to employees, achieving a 100% coverage rate among permanent staff in FY 2025-26.
• Benefits: Both Permanent Employees and Other than Permanent Employees are reported as receiving 100% of benefits related to Provident Fund (PF) and Gratuity.
• Safety: The company reports zero Lost Time Injury Frequency Rate (LTIFR) for employees in both FY 2025-26 and FY 2024-25, reflecting a strong commitment to workplace safety through the Health and Safety Policy.

Market Engagement and Value Chain​

The firm demonstrated commitment to responsible investment and operational integrity, with several practices reported:

• Investment: The Investment Banking division executed 17 ESG aligned deals in FY26, focusing on themes such as renewable energy, electric mobility, and sustainable infrastructure.
• Supply Chain: A dedicated Code of Conduct for Vendors mandates adherence to ethical standards, including human rights and environmental responsibility. As of March 31, 2026, confirmations of compliance were received from a majority of vendors.

This comprehensive reporting underscores JM Financial Limited's continuous efforts to integrate ESG concerns into its core financial and operational strategies.

JMFINANCIL Stock Price Movement​

On Friday, JM Financial Limited shares edged higher, closing at ₹124.61 after gaining 0.27% in trading. The stock saw a total traded volume of 4.84 million shares for the equity on that day.