JBM Auto confirms dispatch of postal ballot notice for related party transactions

JBM Auto Limited has confirmed the completion of the electronic dispatch of the postal ballot notice along with the explanatory statement to seek shareholder approval for material related party transactions and specific board authorizations. The notice was dispatched on Wednesday, June 3, 2026, as per the intimation submitted to BSE Limited and National Stock Exchange of India Limited.

The remote e-voting facility, managed by KFin Technologies Limited, is available to members whose names appear in the Register of Members or the Register of Beneficial Owners as of the cut-off date of Friday, May 29, 2026. The voting window commences at 09:00 AM (IST) on Thursday, June 4, 2026, and concludes at 05:00 PM (IST) on Friday, July 3, 2026. Shareholders are entitled to cast their vote only once, and changes to submitted votes are not permitted.

Resolutions for Shareholder Approval

The notice outlines several ordinary and special resolutions requiring shareholder consent. The key proposals include material related party transactions with various group entities and authorizations for the Board under specific sections of the Companies Act, 2013.

S. No.	Resolution Description	Type of Resolution
1	Material Related Party Transaction(s) with JBM Electric Vehicles Private Limited	Ordinary
2	Material Related Party Transaction(s) with Ecolife Mobility EV Private Limited	Ordinary
3	Material Related Party Transaction(s) with Ecolife Mobility Vehicles Private Limited	Ordinary
4	Material Related Party Transaction(s) with Ecolife GT Mobility Private Limited	Ordinary
5	Material Related Party Transaction(s) with JBM Ecolife Mobility Haryana Private Limited	Ordinary
6	Material Related Party Transaction(s) between JBM Electric Vehicles Private Limited and JBM Green Energy Systems Private Limited	Ordinary
7	Material Related Party Transaction(s) with JBM Ecolife Mobility Private Limited	Ordinary
8	Material Related Party Transaction(s) with Neel Metal Products Limited	Ordinary
9	To consider and approve the pledge of shares of material subsidiary/joint venture i.e. JBM Ecolife Mobility Private Limited (JBM Ecolife)	Special
10	Authorisation to Board under Section 180(1)(c) of the Companies Act, 2013	Special
11	Authorisation to Board under Section 180(1)(a) of the Companies Act, 2013	Special
12	Authorisation to Board under Section 185 of the Companies Act, 2013	Special

Voting and Scrutiny Details

Mr. Dhananjay Shukla, Managing Partner of M/s Dhananjay Shukla & Associates, has been appointed as the Scrutinizer to ensure the postal ballot and e-voting process is conducted fairly. The results of the postal ballot will be declared within two working days of the conclusion of the remote e-voting. These results, along with the Scrutinizer's Report, will be available on the company's website and the KFintech website.

Members who have not received the notice due to unregistered email addresses can download it from the company's website, the KFintech e-voting portal, or the websites of BSE Limited and National Stock Exchange of India Limited. Shareholders holding shares in demat form must update their email details with their Depository Participant, while those holding physical shares should contact MCS Share Transfer Agent Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+6.04%	-1.30%	+0.32%	+20.99%	-5.53%	+662.06%

JBM Auto captured a 49% market share in India's electric bus segment in May 2026, recording 157 registrations during the month — the highest in the industry, according to Vahan portal data. The surge in market share from 33% in April underscores the company's dominant position and growing adoption of its electric mobility solutions. This performance follows the company's retention of market leadership after posting the highest electric bus registrations in FY26.

The integration of Telangana's registration data into the Vahan portal from May 2026 has provided a more comprehensive view of national performance, reinforcing JBM Auto's milestone. The company's growth is driven by advanced manufacturing capabilities that enable the development of high-strength, lightweight bus platforms tailored for efficient public transport.

Operational Metrics

JBM Auto operates the world's largest dedicated integrated electric bus manufacturing facility outside China, located in the NCR region. This facility supports large-scale production and delivery with a substantial annual capacity. The following table summarises the company's key operational highlights:

Metric:	Value
Market Share (May 2026):	49%
Market Share (April 2026):	33%
Registrations (May 2026):	157
Annual Capacity:	20,000 buses

Sustainability Impact

JBM Auto's electric buses have collectively clocked over 400 million e-kilometres and served more than one billion passengers to date. These operations have contributed to saving over one billion kilograms of CO2 emissions, aligning with the company's focus on decarbonising public transport.

Mr. Nishant Arya, Vice Chairman and Managing Director, JBM Auto, stated that the growth reflects a clear focus on decarbonising public transport while aligning with global benchmarks in sustainable mobility. He emphasised that the company aims to enhance everyday mobility by making it smarter, safer, and more accessible through innovation and efficiency.