JBM Auto Limited announced that its subsidiary, JBM Ecolife Mobility Private Limited, has incorporated a wholly-owned step-down subsidiary named Greenpath Mobility Ventures Private Limited on July 15, 2026. The new entity received its Certificate of Incorporation from the Ministry of Corporate Affairs at 10:30 PM on the same day. This strategic move aims to expand the company's footprint in the public transport sector by enabling participation in state government tenders for electric and CNG buses.

The disclosure was made to the BSE Limited and the National Stock Exchange of India Ltd. under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing detailed that Greenpath Mobility Ventures is incorporated in India and registered with the Registrar of Companies, NCT of Delhi & Haryana. As the entity is yet to commence business operations, its turnover is currently not applicable.

Greenpath Mobility Ventures has been established with specific objectives centered on public transportation. The company will focus on participating in and applying for tenders from various state governments related to the running, supply, operation, and maintenance of buses, including electric and CNG variants. Additionally, it will carry on business related to the supply, operation, maintenance, and dealership of public transport motor vehicles.

The financial structure of the newly incorporated entity reveals an authorized share capital of ₹15,00,000. The initial paid-up share capital stands at ₹1,00,000, comprising 10,000 equity shares of ₹10 each. The acquisition of 100% shareholding was completed through a cash subscription by JBM Ecolife Mobility, confirming the wholly-owned status of the subsidiary.

The incorporation does not fall under related party transactions, and no specific governmental or regulatory approvals were required for this setup. The background of the entity indicates it is a fresh incorporation with no historical turnover data for the last three years, as it prepares to launch its operations in the mobility sector.

Key Details of Greenpath Mobility Ventures Private Limited

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