Event Summary

Jay Bharat Maruti Limited held its 39th Annual General Meeting on August 26, 2026, at 12:30 PM IST through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting was attended by 101 members and chaired by Mr. S. K. Arya, Chairman of the Company.

Chairman's Speech Highlights

  • Indian automotive industry recorded highest-ever annual sales across major vehicle categories with passenger vehicle sales reaching 4.64 million units
  • Company reported strong FY 2025-26 performance with total income of ₹3,553.91 crore, representing 11.38% growth over previous year
  • Profit after tax increased significantly to ₹137.86 crore
  • Earnings per share improved to ₹12.74
  • Company is eligible for GST refund incentives under Gujarat Industrial Policy 2015 for its Vithlapur, Gujarat plant for 10 years from production commencement
  • Automation and Industry 4.0 initiatives improved productivity, precision, and flexibility
  • Company committed to contributing to Government's Viksit Bharat 2047 vision

Resolutions Approved

The following resolutions were put to vote and approved by shareholders:

Ordinary Business

1. Adoption of audited financial statements for FY ended March 31, 2026, including consolidated financial statements, together with reports of Board of Directors and Statutory Auditors

2. Declaration of final dividend @35% i.e. ₹0.70 per equity share for Financial Year 2025-26

3. Re-appointment of Mr. Anand Swaroop (DIN: 00004816), Executive Director and CFO, who retires by rotation

Special Business

4. Approval of remuneration to Mr. Surendra Kumar Arya (DIN: 00004626) as Non-Executive Director for FY 2026-27 pursuant to SEBI Listing Regulations Regulation 17(6)(ca)

5. Re-appointment of Mr. Madhusudan Prasad (DIN: 02665954) as Independent Director for second consecutive term of three years

6. Approval of Material Related Party Transactions with Maruti Suzuki India Limited

7. Approval of Material Related Party Transactions with Neel Metal Products Limited

8. Issue of Securities under Sections 23, 42, 62, and 71 of Companies Act, 2013

9. Appointment of Mr. Krishan Kumar Jalan (DIN: 01767702) as Independent Director

10. Creation of Charge/Mortgage on Assets to secure company borrowings

11. Borrowing money in excess of aggregate paid-up Share Capital, Free Reserves and Securities Premium

Meeting Administration

  • Ms. Shubha Singh, Company Secretary & Compliance Officer, provided formal introduction
  • KFin Technologies Limited appointed to provide remote e-voting facility
  • Statutory Registers and information made available electronically for member inspection
  • Ms. Sunita Mathur, Practicing Company Secretary, appointed as scrutinizer for e-voting process
  • E-voting window remained active for 15 minutes after AGM conclusion
  • Voting results to be placed on company website and communicated to stock exchanges

Meeting Duration

The AGM commenced at 12:30 PM and concluded at 1:15 PM IST, including time allowed for Insta-poll.