Further Update On Disclosures Made By The Company Earlier Under Regulation 30 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015

• Security Code: 523405
• Company: JMFINANCIL

We refer to our various letters dated May 25, 2018, April 16, 2018, July 18, 2017 and March 30, 2017 (copies enclosed for your ready reference) on the captioned matter.

Please note that in accordance with our first communication dated March 30, 2017, our subsidiary company, viz., JM Financial Products Limited, (JM Financial Products) has transferred 9,70,099 equity shares in Spandana Sphoorty Financial Limited (Spandana) to JM Financial India Fund II (a scheme of JM Financial India Trust II, a SEBI registered Category II Alternate Investment Fund).

With the above transfer, JM Financial Products' shareholding in Spandana has reduced to 1.60% of Spandana's existing outstanding total equity shares and on a fully diluted basis it has reduced to 1.55%.