JBM Auto Ltd Divests 100% Stake in Subsidiary MH Ecolife Emobility for INR 17.17 Crores

JBM Auto Ltd has divested its 100% equity stake in MH Ecolife Emobility, a subsidiary of JBM Ecolife Mobility Pvt Ltd, for a consideration of INR 17,16,65,830. This transaction is part of the company's business consolidation and sectoral focus strategy. MH Ecolife is now a wholly owned subsidiary of JBM Ecolife. The transaction was entered into on 14th October 2025 and completed on the same date. JBM Ecolife, the buyer, is a subsidiary of JBM Auto Ltd and belongs to the promoter group. The transaction is a related party transaction but is done at arm's length.