JTEKT India Limited held its 42nd Annual General Meeting on August 26, 2026, via video conferencing. Shareholders approved the re-appointment of key directors and authorized material related-party transactions.

The meeting, presided over by Chairman and Managing Director Minoru Sugisawa, concluded at 12:37 pm. The quorum was present with 242 members attending through video conferencing or other audio-visual means.

Governance and Director Appointments

Shareholders approved several ordinary and special resolutions regarding board composition:

• Re-appointment of Yosuke Fujiwara as Wholetime Director by rotation.
• Re-appointment of Minoru Sugisawa as Chairman and Managing Director.
• Re-appointment of Rajiv Chanana as Wholetime Director.
• Re-appointment of Masahiko Morimoto as Non-Executive Independent Director.
• Revision in remuneration for Yosuke Fujiwara.

Financials and Transactions

The audited financial statements for the year ended March 31, 2026, were adopted as an ordinary resolution. Statutory Auditor BSR & Co. LLP and Secretarial Auditor Krishna Kumar Singh issued unqualified opinions on the financial statements and matters bearing on the company's functioning.

Shareholders also approved:

• Declaration of dividend on equity shares for FY26.
• Increase in borrowing power under Section 180(1)(c) of the Companies Act, 2013.
• Material related-party transactions with Maruti Suzuki India Limited.
• Material related-party transactions with JTEKT Corporation.

The results of remote e-voting and e-voting conducted at the AGM will be announced within two working days.

JTEKT India Limited has issued a compliance certificate regarding proposed related party transactions, affirming adherence to regulatory standards. The certificate, dated May 14, 2026, was reviewed by the company’s Audit Committee during its meeting on the same date.

The filing confirms that the disclosures placed before the Audit Committee and the Board meet the requirements of Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Management certified that the information provided is true, correct, complete, and not misleading in any material respect.

Regulatory Compliance Details

The certificate was jointly issued by Minoru Sugisawa, Chairman & Managing Director, and Vikas Goel, Chief Financial Officer. They affirmed that all material information required under the Companies Act, 2013, and applicable Industry Standards has been disclosed.

Key assertions in the certificate include:

• The proposed transactions have been evaluated on an arm’s length basis and ordinary course criteria where applicable.
• The transactions are in the interest of the company and supported by appropriate documentation.
• All mandatory disclosures under the Industry Standards on "Minimum Information to be Provided to the Audit Committee and Shareholders for Approval of Related Party Transactions" have been made.

Saurabh Agrawal, Company Secretary, confirmed that the fact of placement and review by the Audit Committee has been duly recorded in the meeting minutes. The full certificate is available on the company’s website.