Jamna Auto Industries Limited has declared the voting results for its 60th Annual General Meeting held on September 29, 2026. All six resolutions placed before shareholders were approved with the requisite majority.

The meeting, chaired by R.S. Jauhar, commenced at 11:30 am (IST) with a quorum of 52 members present. The proceedings were conducted in compliance with Ministry of Corporate Affairs and SEBI circulars regarding virtual meetings. Remote e-voting facilities were utilized by shareholders prior to the live session.

Key Resolutions Passed

The following ordinary and special business items were placed before the members for approval:

Voting Details

The scrutinizer's report, submitted by CS Ravi Sharma of M/s RSM & Co., confirmed the results based on remote e-voting and e-voting during the AGM. The cut-off date for voting rights was September 22, 2026.

Key voting statistics include:

• Total Shareholders on Record Date: 2,14,246
• Participation via Video Conferencing: 52 members (6 Promoters, 46 Public)
• Resolution 1 (Financials): 99.99% votes in favour
• Resolution 2 (Dividend): 99.99% votes in favour
• Resolution 3 (Director Re-appointment): 91.25% votes in favour; 8.75% against
• Resolution 6 (Remuneration Revision): 99.97% votes in favour

Notably, for Resolution 5 regarding related party transactions with Jai Suspension Systems Private Limited, votes cast by related parties were excluded from the count as per regulatory requirements.

Audit and Compliance Updates

The Company Secretary confirmed that there were no qualifications, adverse remarks, or reservations in the Statutory and Secretarial Audit Reports for the financial year ended March 31, 2026. The statutory auditors are represented by Price Waterhouse Chartered Accountants LLP, while M/s RSM & Co. served as the secretarial auditor.

M/s RSM & Co. was appointed as the scrutinizer to oversee the e-voting process. The voting results have been published on the company website and stock exchange platforms.

Shareholder Communications

Management addressed questions from registered speakers, including Managing Director & CEO Pradeep Singh Jauhar and CFO Shakti Goyal. The company reminded shareholders to claim pending dividends to avoid transfer to the Investor Education and Protection Fund (IEPF).

A special window for re-lodging transfer deeds of physical shares submitted before April 1, 2019, remains open until February 4, 2027. This initiative aims to resolve deficiencies in previously rejected or unprocessed transfer requests.

Jamna Auto Industries promoter Randeep Singh Jauhar disposed of 99,95,000 equity shares on September 11, 2026. The transaction reduced his stake by 2.49% through a block deal.

The sale was executed via the stock exchange, bringing Jauhar’s total holding down from 4.38% to 1.88%. The company disclosed the transaction under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The disposal involved only voting rights shares, with no encumbrances or convertible securities attached to the sold portion. The total equity share capital of the company remained unchanged at ₹399,985,135, divided into 399,985,135 equity shares of ₹1 each.

What the Numbers Show

The block deal represents a significant reduction in promoter concentration, with nearly 57% of Jauhar’s pre-transaction holding being sold in a single event. This move aligns with regulatory disclosure requirements for substantial disposals, ensuring transparency in ownership changes.