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Auto Components & Equipments
Management Change30 Jul 2026, 03:39 pm

JBM Auto: Nishant Arya reappointed MD, Praveen Tripathi continues as Independent Director

AI Summary

JBM Auto Ltd announced the re-appointment of Mr. Nishant Arya as Vice Chairman cum Managing Director for a period of three years, effective May 18, 2027, subject to shareholder approval. The company also confirmed the continuation of Mr. Praveen Kumar Tripathi as a Non-Executive Independent Director upon attaining the age of 75 years, also subject to shareholder approval. These decisions were approved by the Board of Directors on July 30, 2026, following recommendations from the Nomination & Remuneration Committee. Mr. Arya's reappointment is for a term liable to retire by rotation. Mr. Tripathi's continuation addresses regulatory requirements for directors over 75.

Key Highlights

  • Nishant Arya reappointed Vice Chairman cum MD for 3 years.
  • Praveen Tripathi to continue as Non-Executive Independent Director.
  • Both appointments require shareholder approval at the upcoming AGM.
  • Decisions align with SEBI Listing Regulations and committee recommendations.