JBM Auto Limited shareholders approved all seven resolutions put forth at its 30th Annual General Meeting (AGM) held on September 16, 2026. The meeting, conducted via video conferencing, saw high participation with over 82% of outstanding shares casting votes.

The company secured approval for the reappointment of Mr. Nishant Arya as Managing Director and Vice-Chairman for a three-year term effective May 18, 2027, along with the ratification of his remuneration. This special resolution required a higher threshold for passage due to promoter interest.

Voting Participation and Results

The remote e-voting period remained open from September 13 to September 15, 2026. A total of 19,60,30,122 votes were polled out of 23,64,94,264 shares held as on the cut-off date of September 9, 2026. This represents a voting participation rate of 82.89%.

Promoters and the promoter group held 15,97,08,286 shares and voted in favor of all resolutions, accounting for 97.48% of their holding. Public institutional investors held 50,50,940 shares, while public non-institutional investors held 7,17,35,038 shares.

Key Resolutions Passed

All ordinary and special resolutions were passed with requisite majorities. The detailed voting outcomes are summarized below:

What the Numbers Show

The reappointment of Mr. Nishant Arya as Managing Director faced notable opposition from institutional investors. While promoters voted unanimously in favor, public institutional investors cast 90.67% of their polled votes against this specific resolution. Despite this dissent from the institutional block, the resolution passed comfortably due to overwhelming support from promoters and non-institutional public shareholders.

Dhananjay Shukla & Associates served as the scrutinizer for the e-voting process, confirming compliance with SEBI LODR regulations and the Companies Act, 2013.

JBM Auto reported consolidated revenue of ₹6,227.30 crore for FY26, marking a 12.7% increase year-on-year. Profit after tax (PAT) rose 10.9% to ₹238.07 crore, while EBITDA grew 15.5% to ₹843.83 crore. The company also announced a capital-raising plan of up to ₹40 billion to support its expansion.

The results were disclosed during the proceedings of the company’s 30th Annual General Meeting (AGM), held on September 16, 2026, via video conferencing. Chairman Surendra Kumar Arya addressed members, highlighting the macroeconomic environment and the evolution of the electric vehicle (EV) sector.

Financial Performance

The financial highlights for the fiscal year ended March 31, 2026, reflect growth across key metrics:

What the Numbers Show

EBITDA growth outpaced revenue expansion by nearly three percentage points, suggesting improved operational leverage or cost management during the period. With EBITDA rising 15.5% against a 12.7% top-line increase, the company’s operating margin expanded, indicating that fixed costs were spread more efficiently over higher sales volumes or that input costs were contained relative to pricing power.

Strategic Developments

Chairman Surendra Kumar Arya emphasized the company’s robust order book, which stands at over 10,000 electric buses. This includes a significant single order of 1,021 e-buses valued at approximately ₹5,500 crore.

The company outlined plans for vertical integration through the expansion of its JBM E-Verse platform. It also noted successful international deployments in Dubai, Jakarta, and Bali, reaffirming its commitment to achieving Net Zero Operations by 2040.

AGM Proceedings

The AGM transacted both ordinary and special business items. Members approved the adoption of audited financial statements for FY26 and the declaration of dividends. The re-appointment of Mr. Nishant Arya as a director liable to retire by rotation was approved as ordinary business.

Special resolutions included:

• Ratification of remuneration payable to Cost Auditors.
• Approval for the issue of securities.
• Re-appointment of Mr. Nishant Arya as Managing Director (Vice-Chairman) for three years effective May 18, 2027, along with his remuneration approval.
• Continuation of Mr. Praveen Kumar Tripathi’s directorship as an Independent Director beyond the age of 75.

Mr. Sanjeev Kumar, Company Secretary & Compliance Officer, confirmed that requisite quorum was present with 133 members attending. The Statutory Auditors’ Report and Secretarial Auditors’ Report contained no qualifications, observations, or adverse comments. Voting results will be communicated to stock exchanges as per SEBI Listing Regulations.