JBM Auto Limited’s Board of Directors, in a meeting held on July 30, 2026, approved the unaudited financial results for the first quarter ended June 30, 2026. The board also proposed the issuance of securities not exceeding ₹1,500 Crores for fundraising, subject to shareholder approval. Additionally, Mr. Nishant Arya was re-appointed as Vice Chairman cum Managing Director for three years.
JBM Auto Board Approves Q1 FY27 Financial Results
JBM Auto Limited announced that its Board of Directors convened on July 30, 2026, and passed resolutions approving the unaudited financial results for the first quarter ended June 30, 2026. The results, presented on both standalone and consolidated bases, were accompanied by the Limited Review Report from the auditors. The Audit Committee had previously reviewed these results before their board approval.
Proposed ₹1,500 Crore Securities Issuance
In a significant move for future growth and capital requirements, the Board has approved a proposal for the issuance of securities amounting to up to ₹1,500 Crores. This fundraising initiative, to be undertaken under Sections 42, 62, and 71 of the Companies Act, 2013, is subject to the approval of the company’s shareholders at the upcoming Annual General Meeting (AGM). Specific details regarding the type and terms of issuance will be finalized by the Key Managerial Personnel.
Leadership Re-appointments
The Board also confirmed the re-appointment of Mr. Nishant Arya (DIN: 00004954) as Vice Chairman cum Managing Director for a period of three years, effective from May 18, 2027. This re-appointment, recommended by the Nomination & Remuneration Committee, is contingent upon shareholder approval at the ensuing AGM. Furthermore, the Board recommended the continuation of Mr. Praveen Kumar Tripathi as a Non-Executive Independent Director, subject to shareholder approval, upon his attaining the age of 75 years.
Annual General Meeting Scheduled
The company has fixed Wednesday, September 16, 2026, at 11:30 AM IST as the date for its Annual General Meeting (AGM). The meeting will be conducted through Video Conferencing or other Audio-Visual Means.
Source: BSE
