The Exchange has sought clarification from JBM Auto Limited with respect to recent news item captioned JBM Group signs exclusivity pact to buy Fortum?s EV charging business in India. The response from the Company is attached.
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The stock exchanges (NSE and BSE) asked JBM Auto Limited to clarify a Livemint news report that claimed JBM Group had signed an exclusivity pact to buy Fortum's EV charging business in India. In its response dated December 30, 2025, the company stated that, based on information currently available, neither JBM Auto Limited nor any of its subsidiaries has executed any agreement related to the news item. The company noted that its corporate office is closed from December 29, 2025 to January 1, 2026, and requested additional time until January 2, 2026 to provide a more detailed clarification. JBM Auto also reiterated its commitment to SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, and promised to keep the exchanges informed of any material developments.
The stock may remain volatile as investors await the company's detailed clarification by January 2, 2026. The current statement neither confirms nor fully denies the deal, leaving room for uncertainty until more information is disclosed.