JFS AGM: Firm declares dividend, JioBlackRock Asset Management makes stellar debut; check other key details

The company’s promoters also agreed to commit additional capital worth ₹15,825 crore, through a preferential issue of warrants.

"In Q1 FY26, we served an average of 8.1 million monthly active users across all our digital properties, with the JioFinance app, its primary digital storefront, continuing to gain traction," the company said.

Another significant development for the company was the agreement to form a 50:50 joint venture with Allianz for entering the reinsurance business in India, which was announced in July 2025.

Jio Financial Services has also signed a non-binding agreement with them to explore the setting up of general and life insurance joint ventures in India, it said in a regulatory filing.

Under its Invest vertical, all the JioBlackRock entities, for asset management, wealth management, and broking, were granted the necessary regulatory approvals to commence operations.

Furthermore, JioBlackRock Asset Management successfully closed two NFOs and has eight funds available in the market, across debt and equity index segments, it stated.

“Through our joint venture with BlackRock, we aim to bring world-class asset management solutions to Indian investors. Similarly, our partnership with Allianz is designed to create a reinsurance and insurance framework that will enhance risk protection for Indian consumers and businesses, at scale,” said K V Kamath, Chairman of Jio Financial Services, in a speech at the AGM.

Under the lending vertical, the NBFC grew significantly with AUM advancing to ₹11,665 crore in Q1 FY26, as against ₹217 crore in the same period a year earlier.

Its payment bank deposits, as well as the transaction processing volume in its payment solutions business, saw substantial growth, indicating the growing scale of these businesses. It is also set to launch a new product called “Savings Pro”, which is India's first savings account that auto-invests idle cash in overnight mutual funds.

Shares of Jio Financial Services closed 1.43% lower at ₹311.25 apiece on the National Stock Exchange (NSE) on Thursday.