Jay Bharat Maruti Limited announced the demise of its Independent Director, Mr. Dhanendra Kumar, on Thursday, May 28, 2026. His unexpected passing results in the immediate cessation of his role as Director and his positions across all committees of the Board of Directors. The company confirmed that his departure from these roles is effective from the same date.

The disclosure was made to the National Stock Exchange of India Ltd. and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing included references to Para A of Part A of Schedule III, a SEBI circular dated July 13, 2023, and a SEBI Master Circular dated January 30, 2026.

Requisite Disclosure Details

The company provided the specific details regarding the change in directorship as required under the regulations. The following table summarizes the key particulars disclosed:

Management expressed deep sorrow over the loss, noting that Mr. Dhanendra Kumar's demise is an irreparable loss to the company. The Board of Directors and employees extended their sympathy and condolences to his family. The intimation was signed by Shubha Singh, Company Secretary.

Jay Bharat Maruti has announced its audited financial results for the fourth quarter and financial year ended March 31, 2026. The Board of Directors, meeting on May 19, 2026, approved the standalone and consolidated results. The company reported a significant improvement in profitability for the fiscal year, driven by operational efficiency and tax adjustments.

Q4 Operational Highlights

The company delivered a strong operational performance in the fourth quarter. On a standalone basis, net profit for Q4 rose sharply to Rs 78.86 crore versus Rs 19.60 crore year-on-year, representing an increase of 302.29%. Total income stood at Rs 766.98 crore compared to Rs 611.29 crore in the prior-year period. EBITDA for the quarter improved by 57.53% to Rs 91.90 crore, with the margin expanding to 11.98% from 9.54%.

The positive performance was attributed to higher volumes from Maruti Suzuki India (MSIL), improved capacity utilization, and a GST incentive of Rs 35.50 crore for the J5 Plant. Additionally, the company recognized a positive impact of Rs 36.79 crore in the quarter due to the remeasurement of deferred tax assets following the decision to opt for a concessional tax regime under Section 115BAA.

Full-Year Financial Performance

For the fiscal year 2025-26, the company reported robust growth across key financial metrics. On a consolidated basis, revenue from operations rose to Rs 2,55,099.24 lakh from Rs 2,29,012.43 lakh in the previous year. Profit after tax for the year surged to Rs 13,967.43 lakh, compared to Rs 3,291.27 lakh in FY25, representing a growth of approximately 324%. On a standalone basis, total income for the year increased by 11.38% to Rs 2,553.91 crore, while PAT grew by 333.58% to Rs 137.86 crore.

Corporate Actions and AGM

The Board of Directors has recommended a final dividend of 35%, which translates to Rs 0.70 per share, on equity shares having a face value of Rs 2 each for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. The record date for determining the eligibility of shareholders has been fixed as Tuesday, August 18, 2026. The 39th Annual General Meeting is scheduled to be held on Tuesday, August 25, 2026, via Video Conferencing.

Additionally, the Board approved an enabling resolution for the issuance of securities worth up to Rs 750 crore, subject to shareholder approval. The Board also re-appointed M/s Sahni Natarajan and Bahl, Chartered Accountants, as the Internal Auditor for FY27 and approved the remuneration for the Chairman.

Voluntary Delisting from Calcutta Stock Exchange

In a separate corporate development, the Board of Directors, at its meeting held on May 19, 2026, approved a re-application for the voluntary delisting of the company's equity shares from the Calcutta Stock Exchange (CSE). This follows an earlier application made to the CSE in 2003, as approved by shareholders at the 16th Annual General Meeting held on August 21, 2003. The proposed delisting is being pursued under Regulation 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021.

The company stated that there has been no trading activity in its equity shares on the CSE for several years, making continued listing on the exchange redundant and resulting in avoidable compliance and listing costs. The equity shares of the company will continue to remain listed and traded on the National Stock Exchange of India Limited (NSE) and BSE Ltd. (BSE), which offer nationwide trading platforms with adequate liquidity. The proposed delisting from the CSE is therefore not expected to prejudice the interests of shareholders.

Further to the Board's approval, the company intimated the exchanges on May 20, 2026, regarding the publication of an advertisement concerning the voluntary delisting. The advertisement was published in Business Standards (English), Business Standards (Hindi), and Duranta Barta (Bengali) on May 20, 2026.