JBM Auto Limited has fixed July 11, 2026, as the record date for its Annual General Meeting to determine shareholder eligibility for dividends and other corporate benefits. The company has also initiated the process to transfer unclaimed dividends from the financial year 2018-19 to the Investor Education and Protection Fund (IEPF). This action follows the provisions of Section 124(6) of the Companies Act, 2013, and the IEPF Authority Rules, 2016.

The company has published a notice in newspapers regarding the transfer of equity shares associated with unclaimed dividends for the year 2018-19. Shareholders whose dividends have remained unclaimed for seven consecutive years or more are required to verify their details on the company's website. To prevent the transfer of shares to the IEPF's demat account, eligible shareholders must submit their claims to the company or its registrar, MCS Share Transfer Agent Limited, by October 11, 2026.

The claim process requires the submission of duly filled and signed forms ISR-1, ISR-2, and Form No. SH-13, along with supporting documents. For physical share certificates, a cancelled cheque displaying the account holder's name is mandatory. Payments will be made only to bank accounts registered with the demat account. Failure to claim the dividends by the specified deadline will result in the company initiating the necessary procedures to transfer the shares to the IEPF Authority without further notice.

Once transferred, shareholders will lose their rights to claim the dividends or the shares from the company. However, they may subsequently claim the refund of the dividend amount and shares from the IEPF Authority by submitting form IEPF-5 available on the IEPF website. The company has urged shareholders to update their bank details and ensure their KYC information is current to facilitate electronic payments.

Key Dates and Details

JBM Auto 's electric vehicle arm, JBM Electric Vehicles, has signed a memorandum of understanding (MoU) with Drivn to supply 500 ultra-modern electric luxury buses. This partnership aims to accelerate the adoption of electric mobility by providing integrated, long-term vehicle leasing and financing solutions to fleet operators, addressing capital barriers in the sector.

Partnership Overview

The agreement outlines the supply of 500 electric buses equipped with advanced technology for passenger comfort and safety. The deployment is planned in phases over the next one year, with an initial rollout focusing on luxury intercity coaches across India. The collaboration includes long-term vehicle financing, maintenance, and charging infrastructure solutions to enable an asset-light transition for operators.

Strategic Significance

Nishant Arya, Chairman of JBM Electric Vehicles, highlighted that India witnessed a 40% growth in e-bus registrations in H1 CY2026, with 2,944 bus registrations under the PM E-Bus Sewa and PM E-Drive schemes. He stated that integrating JBM's technology with Drivn's leasing platform would unlock scalable adoption by addressing capital barriers. Alpna Jain, Co-founder and Chief Business Officer of Drivn, emphasized that the partnership combines manufacturing excellence with an integrated leasing model to help fleet operators transition with confidence.

Company Background

JBM Electric Vehicles, a subsidiary of JBM Auto Ltd., operates a dedicated integrated electric bus manufacturing facility in the Delhi-NCR region with a capacity of 20,000 buses per annum. The company has deployed over 3,500 e-buses globally, having clocked 450 million e-kms under its 3 billion e-kms promise. Drivn, an electric commercial vehicle leasing platform, is backed by global institutional investors and focuses on building the financial backbone for commercial electric mobility in India.