JBM Auto shareholders approve related party transaction

JBM Auto Limited successfully concluded its postal ballot on December 12, 2025, with shareholders approving a material related party transaction with JBM Ecolife Mobility Private Limited. The resolution, which was put to vote between November 11 and December 10, 2025, passed with a significant majority.

A total of 40,367,272 votes were cast, representing 17.0690% of the total outstanding shares. Of these, 40,054,322 votes (99.2247%) were cast in favor of the resolution, while 312,950 votes (0.7753%) were cast against it. The total number of members who cast their vote was 435.

The scrutinizer, Dhananjay Shukla of Dhananjay Shukla & Associates, confirmed that the ordinary resolution was passed with the requisite majority, with the results published on the company's website and that of KFin Technologies Limited.