JBM Auto Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 03, 2025
JBMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
JBM Auto Limited has notified the 29th Annual General Meeting (AGM) scheduled for Wednesday, September 3, 2025, at 11:15 A.M. via video conferencing. Shareholders will consider adoption of audited financial statements for FY2024-25, declaration of a dividend of ₹0.85 per equity share (85% on face value of ₹1), and re-appointment of Mr. Dhiraj Mohan as a Director liable to retire by rotation. A special resolution seeks his re-appointment as Whole-time Director for 2 years starting November 5, 2025. Other items include ratification of Cost Auditor remuneration (₹2.50 lakh), approval to issue securities (equity, GDRs, ADRs, FCCBs, etc.) up to ₹1,500 Crores, appointment of a new Secretarial Auditor for 3 years, and approval of material related party transactions worth up to ₹1,000 Crores with promoter-group entity Neel Metal Products Limited. The record date for dividend eligibility is August 27, 2025.
The dividend of ₹0.85 per share offers modest income to shareholders, while the ₹1,500 Crores securities issue authorization could lead to potential equity dilution in the future. The large ₹1,000 Crores related party transaction with a promoter-group company warrants close attention as it involves substantial inter-group dealings.