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(ႇHFWLYH TEAR HERE $SSOLFDQWVPD\FRQWDFWWKH5HJLVWUDUWRWKH,VVXHLQFDVHRIDQ\SUH,VVXHRUSRVW COMPANY CONTACT DETAILS REGISTRAR CONTACT DETAILS ,VVXHUHODWHGSUREOHPV QRQUHFHLSWRI$OORWPHQW$GYLFHUHIXQGVRUFUHGLWRI1&'V JM FINANCIAL PRODUCTS LIMITED Karvy Fintech Private Limited ,QFDVHRI$6%$$SSOLFDWLRQVXEPLWWHGWRWKH6&6%VWKH$SSOLFDQWVVKRXOGFRQWDFW 5HJLVWHUHGDQG&RUSRUDWH2ႈFH WK)ORRU&QHUJ\$SSDVDKHE0DUDWKH0DUJ )RUPHUO\ NQRZQ DV .&3/$GYLVRU\ 6HUYLFHV 3ULYDWH /LPLWHG 5HJLVWUDUWRWKH,VVXHZLWKFRS\WRWKHUHOHYDQW6&6% 3UDEKDGHYL0XPEDL0DKDUDVKWUD,QGLD Tel: .DUY\ 6HOHQLXP 7RZHU % 3ORW *DFKLERZOL )LQDQFLDO 'LVWULFW ,Q FDVH RI TXHULHV UHODWHG WR XSORDG RI$SSOLFDWLRQV VXEPLWWHG WR WKH /HDG 0DQDJHU¶V Fax: Website: ZZZMP¿QDQFLDOSURGXFWVFRP 1DQDNUDPJXGD +\GHUDEDG Tel: /HDG%URNHUV6XE%URNHUV7UDGLQJ0HPEHUVKRXOGFRQWDFWWKHUHOHYDQW/HDG0DQDJHUV Email: LQYHVWRUUHODWLRQVSURGXFWV#MPÀFRP Fax: Email: MPIVQFG#NDUY\FRP /HDG%URNHUV6XE%URNHUV7UDGLQJ0HPEHU &RPSDQ\ 6HFUHWDU\ DQG &RPSOLDQFH 2ႈFHU Ms. Reena Sharda Investor Grievance Email: HLQZDUGULV#NDUY\FRP 7KH JULHYDQFHV DULVLQJ RXW RI $SSOLFDWLRQV IRU WKH 1&'V PDGH WKURXJK 7UDGLQJ Tel: Fax: Website: ZZZNDULVPDNDUY\FRP Contact Person: 0U0XUDOL.ULVKQD 0HPEHUVPD\EHDGGUHVVHGGLUHFWO\WR6WRFN([FKDQJHV Email: LQYHVWRUUHODWLRQVSURGXFWV#MPÀFRP CIN: 80+ 3/& SEBI Registration No.: ,15 2 JM FINANCIAL PRODUCTS LIMITED IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS Please ensure that you read the Shelf Prospectus, the Tranche I Prospectus, the general instructions contained in this Memorandum before applying in WKH,VVXH8QOHVVRWKHUZLVHVSHFL¿HGDOOFDSLWDOLVHGWHUPVXVHGLQWKLVIRUPVKDOOKDYHWKHPHDQLQJDVFULEHGWRVXFKWHUPVLQWKH6KHOI3URVSHFWXVDQGWKH 7UDQFKH , 3URVSHFWXV 7KH LQYHVWRUV DUH DGYLVHG WR UHWDLQ D FRS\ RI 7UDQFKH , 3URVSHFWXV$EULGJHG 3URVSHFWXV IRU WKHLU IXWXUH UHIHUHQFH $%5,'*('35263(&786&216,6762)3$*(63/($6((1685(7+$7<28*(7$//3$*(6 -0),1$1&,$/352'8&76/,0,7(' JM Financial Products Limited (our “ &RPSDQ\ RU WKH ,VVXHU ”) was originally incorporated at Mumbai, Maharashtra as a private limited company on July 10, 1984 under the provisions of the Companies Act, 1956 with registration number 33397 of 1984 and with the name “ -0/HDVH&RQVXOWDQWV3ULYDWH /LPLWHG ”. 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in regard to timely payment the Companies Act, 1956, with registration number 33397 of 1984 and of interest and repayment of principal and they will take necessary with the name “ -0/HDVH&RQVXOWDQWV3ULYDWH/LPLWHG ”. By virtue action at our cost. of section 43A of the Companies Act, 1956 our Company became (YHQWVRI'HIDXOW a deemed public company with the name “ -0 /HDVH &RQVXOWDQWV 6XEMHFWWRWKHWHUPVRIWKH'HEHQWXUH7UXVW'HHGWKH'HEHQWXUH7UXVWHH /LPLWHG ´DQGUHFHLYHGDFHUWL¿FDWHRILQFRUSRUDWLRQGDWHG-XO\ DW LWV GLVFUHWLRQ PD\ RU LI VR UHTXHVWHG LQ ZULWLQJ E\ WKH KROGHUV RI IURPWKH5HJLVWUDURI&RPSDQLHV0XPEDL0DKDUDVKWUD2XU&RPSDQ\ DWOHDVWWKUHHIRXUWKVRIWKHRXWVWDQGLQJDPRXQWRIWKH6HFXUHG1&'V IXUWKHUEHFDPHDSULYDWHFRPSDQ\ZLWKH൵HFWIURP$XJXVW or with the sanction of a special resolution, passed at a meeting of 6XEVHTXHQWO\ E\ ZD\ RI D IUHVK FHUWL¿FDWH RI LQFRUSRUDWLRQ GDWHG WKH 6HFXUHG 1&' +ROGHUV JLYH QRWLFH WR RXU &RPSDQ\ VSHFLI\LQJ -XQH LVVXHG E\ WKH 5HJLVWUDU RI &RPSDQLHV 0XPEDL WKDWWKH6HFXUHG1&'VDQGRUDQ\SDUWLFXODUVHULHVRI6HFXUHG1&'V 0DKDUDVKWUD RXU &RPSDQ\¶V QDPH ZDV FKDQJHG WR ³ -0 )LQDQFLDO in whole but not in part are and have become due and repayable on 3URGXFWV 3ULYDWH /LPLWHG ´ 2XU &RPSDQ\ ZDV FRQYHUWHG LQWR D VXFK GDWH DV PD\ EH VSHFL¿HG LQ VXFK QRWLFH LQWHU DOLD LI DQ\ RI WKH public limited company with the name “ -0 )LQDQFLDO 3URGXFWV HYHQWVOLVWHGEHORZRFFXUV7KHGHVFULSWLRQEHORZLVLQGLFDWLYHDQGD /LPLWHG ´DQGUHFHLYHGDIUHVKFHUWL¿FDWHRILQFRUSRUDWLRQFRQVHTXHQW FRPSOHWHOLVWRIHYHQWVRIGHIDXOWDQGLWVFRQVHTXHQFHVDUHVSHFL¿HG WRFKDQJHLQVWDWXVRQ-XQHIURPWKH5HJLVWUDURI&RPSDQLHV LQWKH'HEHQWXUH7UXVW'HHG 0XPEDL 0DKDUDVKWUD 2XU &RPSDQ\ LV D 6\VWHPLFDOO\ ,PSRUWDQW (i) default is committed in payment of the principal amount of the 1RQ'HSRVLW WDNLQJ 1RQ%DQNLQJ )LQDQFLDO &RPSDQ\ 1%)&1' 6HFXUHG1&'VRQWKHGXHGDWH V DQG 6, UHJLVWHUHG ZLWK WKH 5HVHUYH %DQN RI ,QGLD XQGHU 6HFWLRQ ,$ RI WKH 5%, $FW EHDULQJ UHJLVWUDWLRQ QR % GDWHG LL GHIDXOWLVFRPPLWWHGLQSD\PHQWRIDQ\LQWHUHVWRQWKH6HFXUHG 0DUFK )RU IXUWKHU GHWDLOV UHJDUGLQJ FKDQJHV WR WKH QDPH 1&'VRQWKHGXHGDWH V DQG UHJLVWHUHG R൶FH RI RXU &RPSDQ\ VHH WKLV VHFWLRQ RI WKH 6KHOI /LHQ Prospectus. For further details regarding the Promoter and the group $V SHU WKH 5%, FLUFXODU GDWHG -XQH WKH &RPSDQ\ LV QRW companies please refer to “ Our Promoter ´ DW SDJH RI WKH 6KHOI permitted to extend loans against the security of its debentures issued Prospectus. 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SDJHRIWKH6KHOI3URVSHFWXV ,OOXVWUDWLRQ IRU JXLGDQFH LQ UHVSHFW RI WKH GD\ FRXQW FRQYHQWLRQ DQGH൵HFWRIKROLGD\VRQSD\PHQWV 7KH LOOXVWUDWLRQ IRU JXLGDQFH LQ UHVSHFW RI WKH GD\ FRXQW FRQYHQWLRQ DQG H൵HFW RI KROLGD\V RQ SD\PHQWV DV UHTXLUHG E\ 6(%, &LUFXODU 1R&,5,0'')2FWREHU DQG6(%,&LUFXODU1R &,5,0'') GDWHG 1RYHPEHU LV GLVFORVHG LQ $QQH[XUH' 30 JM FINANCIAL PRODUCTS LIMITED IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS /21*7(50'(%772(48,7<5$7,2 ),1$1&,$/+,*+/,*+762)7+(&203$1< 'HEWWRHTXLW\UDWLR .H\3HUIRUPDQFH,QGLFDWRUV 7KHGHEWWRHTXLW\UDWLRSULRUWRWKLV,VVXHLVEDVHGRQDWRWDORXWVWDQGLQJ 7KH IROORZLQJ WDEOHV VHW IRUWK FHUWDLQ LQIRUPDWLRQ UHODWLQJ WR WKH debt of ` 6,146.4 (1) crores and shareholder funds amounting to ` 1,565.3 ¿QDQFLDOSHUIRUPDQFHDQGNH\SHUIRUPDQFHLQGLFDWRUVRQDVWDQGDORQH FURUHVDVRQ'HFHPEHU7KHGHEWHTXLW\UDWLRSRVWWKH,VVXH basis: ` DVVXPLQJVXEVFULSWLRQRI1&'VDJJUHJDWLQJWR FURUHV ZRXOG Parameters ` )LVFDO )LVFDO )LVFDO EH WLPHV EDVHG RQ D WRWDO RXWVWDQGLQJ GHEW RI 8,146.4 crores ൟFURUHH[FHSWQXPEHURIDFFRXQWV and shareholders funds of `FURUHVDVRQ'HFHPEHU JURXSV (in `FURUHV 1HWZRUWK 1,496.3 7RWDOGHEW 4,509.0 5,533.9 Particulars Prior to the Issue Post L 1RQ FXUUHQW PDWXULWLHV RI ORQJ 4,61.6 1,150.1 DVRI'HFHPEHU the term borrowings Issue# LL 6KRUWWHUPERUURZLQJV iii) Current maturities of long term 155.9 439.8 1,163.9 borrowings 'HEW6HFXULWLHV 4,936.7 6,936.7 1HW¿[HGDVVHWV 3.8 5.6 6.9 %RUURZLQJV 2WKHU WKDQ 'HEW 1RQFXUUHQWDVVHWV 136.4 71.3 6HFXULWLHV &DVKDQGFDVKHTXLYDOHQWV 699.6 7RWDO'HEW (1) 6,146.4 8,146.4 &XUUHQWLQYHVWPHQWVVWRFNLQWUDGH 15.6 59.1 (TXLW\6KDUHFDSLWDO 544.50 544.50 Current assets 33.5 Current liabilities 33.3 58.3 2WKHU(TXLW\ Assets under management (Loan 5,498.8 /HVV 0LVFHOODQHRXV([SHQGLWXUH WR Fund) WKHH[WHQWQRWZULWWHQR൵RUDGMXVWHG 2൵EDODQFHVKHHWDVVHWV 7RWDO6KDUHKROGHUV¶)XQGV 1,565.3 1,565.3 ,QFRPHIURPIXQGLQJDFWLYLWLHV 463.9 610.6 805.4 ,QWHUHVWH[SHQVH 344.1 488.9 'HEW(TXLW\5DWLR 1RRI7LPHV 3.9 3URYLVLRQLQJDQGZULWH±R൵V 0 0.6 8.1 # 7KH GHEWHTXLW\ UDWLR SRVW WKH ,VVXH LV LQGLFDWLYH DQG LV RQ DFFRXQW 3$7 167.4 RI DVVXPHG LQÀRZ RI ` FURUHV IURP WKH ,VVXH DQG GRHV QRW *URVV13$ 0.6 0.1 0.3 LQFOXGHFRQWLQJHQWDQGR൵EDODQFHVKHHWOLDELOLWLHV7KHDFWXDOGHEW 1HW13$ 0.4 0.0 HTXLW\UDWLRSRVWWKH,VVXHZRXOGGHSHQGXSRQWKHDFWXDOSRVLWLRQRI 7LHU,&DSLWDO$GHTXDF\5DWLR GHEWDQGHTXLW\RQWKHGDWHRIDOORWPHQW 7LHU,,&DSLWDO$GHTXDF\5DWLR 0.7 0.4 0.4 (1)%RUURZLQJWKURXJKQRQFRQYHUWLEOHGHEHQWXUHVVKRZQDWIDFHYDOXH 7KH IROORZLQJ WDEOHV VHW IRUWK FHUWDLQ LQIRUPDWLRQ UHODWLQJ WR WKH ZLWKRXWFRQVLGHULQJSUHPLXPXQDPRUWL]HGGLVFRXQWRQLVVXHRI ` 1.7 ¿QDQFLDOSHUIRUPDQFHDQGNH\SHUIRUPDQFHLQGLFDWRUVRQDVWDQGDORQH crore. Borrowing through commercial papers shown at face value EDVLVDVRQ'HFHPEHU without considering discount of ` FURUH 7RWDO ERUURZLQJ LV Parameters 'HFHPEHU H[FOXGLQJH൵HFWLYHLQWHUHVWUDWHLPSDFWDPRXQWLQJWR ` 11.3 crore. ൟFURUHH[FHSW ,VVXHDPRXQWRI ` FURUHVLVFODVVL¿HGXQGHU'HEW6HFXULWLHV QXPEHURIDFFRXQWV JURXSV For details on the total outstanding debt of our Company, please refer 1HWZRUWK 1,565.3 to the section titled “ Disclosures on Existing Financial Indebtedness ” 7RWDOGHEW 6,078.6 beginning RQSDJHRIWKH6KHOI3URVSHFWXV L 1RQFXUUHQWPDWXULWLHVRIORQJWHUPERUURZLQJV ,WLVFODUL¿HGWKDWQRRWKHUVHFXULWLHVLQFOXGLQJVKDUHVRIWKH&RPSDQ\ LL 6KRUWWHUPERUURZLQJV ZHUHHLWKHUSXUFKDVHGRUVROGE\WKH3URPRWHU*URXS'LUHFWRUVRIWKH iii) Current maturities of long term borrowings Company and their relatives within 6 months immediately preceding 1HW¿[HGDVVHWV 6.7 WKHGDWHRIWKH6KHOI3URVSHFWXV 1RQFXUUHQWDVVHWV &DVKDQGFDVKHTXLYDOHQWV :H FRQ¿UP WKDW QR VHFXULWLHV RI DQ\ VXEVLGLDU\ FRPSDQ\ RI WKH Current investments 0.0 &RPSDQ\KDYHEHHQSXUFKDVHGRUVROGE\WKH3URPRWHU*URXS'LUHFWRUV Current assets # of the Company and their relatives within 6 months immediately Current liabilities SUHFHGLQJWKHGDWHRIWKH6KHOI3URVSHFWXV Assets under management (Loan Fund) 6,606.5 For further details, refer section titled “ Capital Structure ” on page 2൵EDODQFHVKHHWDVVHWV 660.0 RIWKH6KHOI3URVSHFWXV ,QWHUHVWLQFRPHIURPIXQGLQJDFWLYLWLHV ,QWHUHVWH[SHQVH 3URYLVLRQLQJDQGZULWH±R൵V 13.4 3$7 158.5 *URVV13$ 0.3 1HW13$ 7LHU,&DSLWDO$GHTXDF\5DWLR 19.3 7LHU,,&DSLWDO$GHTXDF\5DWLR 0.6 * 7KH NH\ SHUIRUPDQFH LQGLFDWRUV IRU )LVFDO )LVFDO DQG Fiscal 2018 have been prepared in accordance with the Indian GAAP. Please note that on account of change in applicable law, the key performance indicators for the nine months period ended December JM FINANCIAL PRODUCTS LIMITED 31 IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS DUHSUHSDUHGLQDFFRUGDQFHZLWKWKH,1'$67KHUHIRUHWKH 0$1$*(0(17 key performance indicators pertaining to the nine months period ended December 31, 2018 are not comparable with the key performance 1DPH 'HVLJQDWLRQ $JH 2WKHU'LUHFWRUVKLSV LQGLFDWRUVSHUWDLQLQJWR)LVFDO)LVFDODQG)LVFDO DQG',1 # Includes redemption proceeds receivable from mutual fund amounting 0U936KHWW\ 1. JM Financial Asset Management WR০ UHFHLYHGRQ-DQXDU\ Age: 71 years Limited 1RQH[HFXWLYH&KDLUPDQ -0)LQDQFLDO&UHGLW6ROXWLRQV/LPLWHG 7KH IROORZLQJ WDEOHV VHW IRUWK FHUWDLQ LQIRUPDWLRQ UHODWLQJ WR WKH ',1 3. -0 )LQDQFLDO $VVHW 5HFRQVWUXFWLRQ ¿QDQFLDOSHUIRUPDQFHDQGNH\SHUIRUPDQFHLQGLFDWRUVRQDFRQVROLGDWHG Company Limited basis**: 7HUP 'LUHFWRU OLDEOH WR retire by rotation 4. JM Financial Home Loans Limited Parameters )LVFDO )LVFDO 2FFXSDWLRQ 6HUYLFH ൟFURUHH[FHSW 'DWH RI $SSRLQWPHQW QXPEHURIDFFRXQWV $SULO JURXSV 1. 1HWZRUWK 1,494.9 0U058PDUML 8QLSDUWV,QGLD/LPLWHG Age: 77 years 7RWDOGHEW 4,509.0 5,533.9 ,QWHUQDWLRQDO $VVHW 5HFRQVWUXFWLRQ L 1RQFXUUHQWPDWXULWLHVRIORQJWHUPERUURZLQJV 1,150.1 1RQH[HFXWLYH'LUHFWRU Company Private Limited LL 6KRUWWHUPERUURZLQJV ',1 3. 8QLYHUVDO 7UXVWHHVKLS 6HUYLFHV iii) Current maturities of long term borrowings 439.8 1,163.8 7HUP 'LUHFWRU OLDEOH WR Limited 1HW¿[HGDVVHWV 5.6 7.8 retire by rotation 4. &HQWUDO 5HJLVWU\ RI 6HFXULWLVDWLRQ 1RQFXUUHQWDVVHWV 139.8 2FFXSDWLRQ Professional $VVHW 5HFRQVWUXFWLRQ DQG 6HFXULW\ &DVKDQGFDVKHTXLYDOHQWV 413.8 'DWH RI $SSRLQWPHQW ,QWHUHVWRI,QGLD &XUUHQWLQYHVWPHQWVVWRFNLQWUDGH 15.6 59.1 'HFHPEHU Current assets 33.6 0U($.VKLUVDJDU 1. Hawkins Cookers Limited Current liabilities 58.7 Age: 77 years Batliboi Limited Assets under management (Loan Funds) 5,498.8 ,QGHSHQGHQW'LUHFWRU 3. Manappuram Finance Limited 2൵EDODQFHVKHHWDVVHWV 4. JM Financial Limited ,QFRPHIURPIXQGLQJDFWLYLWLHV 610.6 805.5 ',1 ,QWHUHVWH[SHQVH 344.1 488.9 7HUP )LYH FRQVHFXWLYH 5. 0DQLSDO *OREDO (GXFDWLRQ 6HUYLFHV 3URYLVLRQLQJDQGZULWH±R൵V 8.1 \HDUVZLWKH൵HFWIURP-XO\ Private Limited 3$7 *URVV13$ 0.1 0.3 2FFXSDWLRQ Professional 1HW13$ 0.0 'DWHRI$SSRLQWPHQW 6LQFHRXU&RPSDQ\GLGQRWKDYHDQ\VXEVLGLDU\LQWKH\HDU 0D\ the key performance indicators on a consolidated basis are not 0U'KLUHQGUD6LQJK 1,/ applicable for that particular year. 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