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“Pursuant to Regulation 30 read with Para A, Part A of Schedule III to the SEBI LODR, we wish to inform you that JM Financial Limited (the “Company”) has received the order from Deputy Commissioner of Income Tax, Government of India under Section 254 read with Section 143(3) of the Income-tax Act, 1961 on February 19, 2025 in respect of the assessment year 2008-09. As per the said order, the Company would receive an aggregate amount of Rs. 230 Crore (including interest) as and by way of refund,” the company informed via a filing to the stock exchanges.
The company also informed that this refund will have a positive financial impact on the company.
The order was received by the company on February 19 and the same was informed to the stock exchanges on Thursday, February 20, after market closing.
JM Financial share price history:
Over the past year, the shares of JM Financial have increased by 2.18%. Year-to-date (YTD), the price has declined by -20.79%. In the last six months, the price has risen by 9.45%, whereas over the past three months, it has dropped by 22.14%.
JM Financial technical performance
The shares of JM Financial are currently placed below their short, medium and long-term exponential moving averages (EMAs) and is oscillating near the 42 mark on the relative strength indicator (RSI), according to the Trendlyne data.Also read: Is silver ready to play catch-up?
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