* JM Financial Limited announced the incorporation of "JM Financial Private Wealth, Inc" on November 10, 2025, in the State of Delaware, United States of America. * This new entity will operate as a step-down subsidiary of JM Financial Limited. * The primary objective of JM Financial Private Wealth, Inc is to carry out wealth management and advisory services tailored to high-net-worth individuals, family offices, corporates, and institutions, functioning as a registered investment adviser. * JM Financial Overseas Holdings Private Limited, a wholly-owned subsidiary of JM Financial Limited, will subscribe up to USD 1.25 million (approximately ₹10.42 crore) for 100% of the share capital. * Necessary regulatory approvals, including a 'No-Objection Certificate' from SEBI and approval from the Secretary of State of Delaware, USA, have been obtained.
