JBM Auto Limited — AGM Information 2024

Sep 12, 2024

JBM Auto Limited

Plot No. 133, Sector 24, Faridabad - 121 005 (Haryana) T : +91 - 129-4090200 F : +91 - 129-2234230 W : www.jbmgroup.com E : secretarial.jbma@jbmgroup.com

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JBMA/SEC/2024-25/41 12[th] September, 2024

Listing Department

BSE Limited The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (E) Mumbai - 400001 Mumbai – 400051 Script Code: 532605 Symbol: JBMA

Sub: Proceedings of the 28[th] Annual General Meeting of the Company held on Thursday, the 12[th] day of September, 2024

Ref.: Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (hereinafter referred as “SEBI Listing Regulations”)

Dear Sir/Ma’am,

We wish to inform that 28[th ] Annual General Meeting (“AGM”) of the Company held today at 11:00 A.M. through video conferencing in compliance with the applicable provisions of the Companies Act, 2013, Circular(s) issued by the Ministry of Corporate Affairs (“MCA”) and the Securities and Exchange Board of India (“SEBI”) to transact the businesses as mentioned in the Notice of AGM.

Mr. Sanjeev Kumar, Company Secretary & Compliance Officer of the Company welcomed the members and others present at the AGM. He informed the members that the Company had provided the facility to cast their votes by remote e- voting as well as by e-voting (Insta-poll) at the AGM, on all the resolutions set forth in the Notice of AGM. He further informed the members that the e-voting system was made available during the AGM for the Members who had not exercised their votes earlier through remote e- voting.

Mr. Sanjeev Kumar informed that requisite quorum was present at the AGM as per provisions of the Companies Act, 2013 and he then requested Mr. Surendra Kumar Arya, Chairman of the Company, to continue the AGM proceedings. Total 165 members attended the AGM.

Mr. Surendra Kumar Arya, Chairman of the Company, chaired the AGM. As the requisite quorum was present, the Chairman called the meeting to order and commenced the formal proceedings of the AGM. He welcomed all the members present and introduced the Directors, Key Managerial Personnel’s and representatives of Statutory Auditors, Secretarial Auditors and Scrutiniser. All the Directors of the Company were present at the AGM.

Thereafter, the Chairman delivered his speech and addressed the members at the 28[th] AGM of the Company. He gave an overview on the Global and Indian economy, current business and sectoral scenario pertaining to the automotive industry focussing specifically on the core businesses of JBM Auto Ltd. The Chairman also mentioned about the dedication of the organisation to harnessing the prospective opportunities in some business area in the upcoming years.

He further highlighted the performance of the Company on consolidated basis for the FY24 as mentioned hereunderDigitally signed by Sanjeev Kumar

Sanjeev Digitally signed by Sanjeev Kumar Kumar Date: 2024.09.12 13:11:50 +05'30'

Corp. Office : Plot No. 9, Institutional Area, Sector 44, Gurgaon- 122003 (Hr.) T:+91-124-4674500, 4674550 F:+91-124-4674599 Regd. Office : Plot No. 133, Sector – 24, Faridabad - 121005 (Hr.) T: +91 0129-4090200 CIN : L74899HR1996PLC123264

JBM Auto Limited

Plot No. 133, Sector 24, Faridabad - 121 005 (Haryana) T : +91 - 129-4090200 F : +91 - 129-2234230 W : www.jbmgroup.com E : secretarial.jbma@jbmgroup.com

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• Net Revenue from Operations increased by 29.86% to ₹ 5009.35 crore as compared to ₹ 3,857.38 crore in FY23.

• The Company’s net worth as of March 31, 2024 increased by 13.39% to ₹1,167.67 Crores against ₹ 1,029.76 Crores on March 31, 2023.

• The book value per share increased by 13.39% to ₹ 98.75 per share against ₹ 87.09 per share.

The Chairman then expressed his gratitude towards each member for being present in this virtual Annual General Meeting. All requisite Statutory Registers and other necessary documents were made available electronically during the AGM for inspection by the Members.

With the permission of the members, the Notice and Annual Report for the FY24 were taken as read. Further, the Chairman informed that there were no qualifications, observations or adverse comments on financial statements in the Statutory Auditors’ Report and the Auditors Report was taken as read.

The following items of businesses, as set out in the Notice convening the 28[th] AGM, were commended for members' consideration and approval:

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Sr. Particulars Type of
No. Resolution
Ordinary Business:
1. To receive, consider and adopt the Audited IND AS Financial Statements Ordinary
(Standalone & Consolidated) of the Company for the financial year ended 31 [st]
March, 2024 together with the reports of the Board of Directors and Auditors
thereon.
2. To declare Final dividend on Equity shares @ 75% i.e. Rs. 1.50/- per equity Ordinary
share.
3. To appoint Director in place of Mr. Surendra Kumar Arya (DIN: 00004626), Ordinary
who retires by rotation and, being eligible, offers himself for re-appointment.
Special Business:
4. Ratification of Remuneration payable to Cost Auditors for the Financial Year Ordinary
2024-25.
5. To approve issue of Securities in terms of Section 42, 62 and 71 of the Special
Companies Act, 2013.
6. Re-appointment of Mr. Praveen Kumar Tripathi (DIN : 02167497) as an Special
Independent Director.
7. Continuation of directorship of Mrs. Pravin Tripathi (DIN: 06913463) as an Special
Independent Director
8. Material Related Party Transactions with Neel Metal Products Limited Ordinary
9. Material Related Party Transactions with JBM Ecolife Mobility Private Limited Ordinary
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The Chairman informed the members that the Company has appointed Mr. Dhananjay Shukla, Practicing Company Secretary, as a Scrutinizer to scrutinise the remote e-voting process and e-voting at the AGM. He further informed the members that e-voting window during the AGM was open for 15 minutes post conclusion of the AGM. Digitally signed by Sanjeev Kumar Kumar

Digitally signed by Sanjeev Kumar Kumar Sanjeev Kumar Date: 2024.09.12 13:12:29 +05'30'

Corp. Office : Plot No. 9, Institutional Area, Sector 44, Gurgaon- 122003 (Hr.) T:+91-124-4674500, 4674550 F:+91-124-4674599 Regd. Office : Plot No. 133, Sector – 24, Faridabad - 121005 (Hr.) T: +91 0129-4090200 CIN : L74899HR1996PLC123264

JBM Auto Limited

Plot No. 133, Sector 24, Faridabad - 121 005 (Haryana) T : +91 - 129-4090200 F : +91 - 129-2234230 W : www.jbmgroup.com E : secretarial.jbma@jbmgroup.com

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He thanked the members for participating in the AGM and declared the AGM proceedings as closed.

The AGM concluded at 11:47 AM (including time allowed for Insta-poll at AGM).

Voting Results in the prescribed format as per Regulation 44(3) of the SEBI Listing Regulations along with the Consolidated Scrutinizer’s Report shall be communicated to the Stock Exchanges within a stipulated time from the conclusion of AGM and shall also be simultaneously placed on the website of the Company.

You are requested to please take the same on record.

Thanking you,

Yours truly,

For JBM Auto Limited

Sanjeev Digitally signed by Sanjeev Kumar Kumar Date: 2024.09.12 13:12:58 +05'30' Sanjeev Kumar Company Secretary & Compliance Officer M No. 18087

Place: Gurugram

Corp. Office : Plot No. 9, Institutional Area, Sector 44, Gurgaon- 122003 (Hr.) T:+91-124-4674500, 4674550 F:+91-124-4674599 Regd. Office : Plot No. 133, Sector – 24, Faridabad - 121005 (Hr.) T: +91 0129-4090200 CIN : L74899HR1996PLC123264