Jay Bharat Maruti Limited has informed the Exchange regarding Notice of 38th Annual General Meeting to be held on September 03, 2025
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Jay Bharat Maruti Limited has called its 38th Annual General Meeting for Wednesday, September 3, 2025, at 12:30 p.m. via video conferencing. Shareholders will vote on adopting the audited standalone and consolidated financial statements for FY 2024-25, declaring a final dividend of Rs. 0.70 per equity share on its 10.82 crore shares of Rs. 2 face value, and re-appointing Mr. Surendra Kumar Arya as Chairman. The company is seeking member approval for material related party transactions worth up to Rs. 2,185 crores with Maruti Suzuki India (its biggest customer, which also holds 29.28% stake), Rs. 1,220 crores with Suzuki Motor Gujarat, and Rs. 1,920 crores with Neel Metal Products — together representing a very large share of its consolidated turnover. A separate special resolution seeks approval to raise up to Rs. 750 crores through equity shares, GDRs, ADRs, FCCBs, or debentures in one or more tranches.
Shareholders will receive a modest Rs. 0.70 per share dividend and are being asked to clear very high-value related party deals with the Maruti Suzuki group, which dominates JBML's business. The Rs. 750 crore fund-raising authorisation may lead to equity dilution if used, but gives the board flexibility for future capital needs.