KJMC Financial Services Limited announced that at the board meeting held on January 23, 2019, approved the proposal for raising of funds by way of issue of Non-Convertible Debentures on private placement basis, in one or more tranches, aggregating upto INR 100.00 million. Subject to the approval of Members through Postal Ballot and in compliance of sections 42 and 71 of the Companies Act,2073 read with rules made thereunder.