JBM Auto Seeks Shareholder Approval for ₹1,500 Cr Fund Raise

JBM Auto Ltd's Board of Directors has approved a proposal to raise up to ₹1,500 Crores through the issuance of securities. This fund-raising initiative is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The board also approved the un-audited financial results for the first quarter ended June 30, 2026. Additionally, the re-appointment of Mr. Nishant Arya as Vice Chairman cum Managing Director and the continuation of Mr. Praveen Kumar Tripathi's directorship as Non-Executive Independent Director were recommended for shareholder approval. The AGM is scheduled for September 16, 2026.