JBM Auto Limited has announced a postal ballot notice dated May 11, 2026, seeking shareholder approval for several key resolutions. The company is proposing to enter into material related party transactions with several entities, including JBM Electric Vehicles Private Limited (up to ₹4,500 Crores), Ecolife Mobility EV Private Limited (up to ₹3,250 Crores), Ecolife Mobility Vehicles Private Limited (up to ₹3,250 Crores), Ecolife GT Mobility Private Limited (up to ₹1,100 Crores), JBM Ecolife Mobility Haryana Private Limited (up to ₹1,350 Crores), JBM Electric Vehicles Private Limited and JBM Green Energy Systems Private Limited (up to ₹1,500 Crores), JBM Ecolife Mobility Private Limited (up to ₹1,550 Crores), and Neel Metal Products Limited (up to ₹1,500 Crores). The aggregate value of these proposed related party transactions amounts to ₹17,750 Crores. The company is also seeking approval for the pledge of shares of its material subsidiary, JBM Ecolife Mobility Private Limited, which could potentially lead to a reduction in JBM Auto's shareholding below fifty percent. Furthermore, the company is seeking authorization for its Board of Directors to borrow funds, superseding a previous resolution passed on September 26, 2022. The postal ballot process, managed by KFin Technologies Limited, will be conducted through remote e-voting. The cut-off date for determining eligible members was May 29, 2026. Remote e-voting commenced on June 4, 2026, and will conclude on July 3, 2026. The results of the postal ballot are expected to be declared on or before July 7, 2026. A soft copy of the Postal Ballot Notice is available on the company's website and the KFintech website.
