Meeting Details

  • Meeting Type: 30th Annual General Meeting
  • Date: Wednesday, 16th September, 2026
  • Time: 11:30 A.M. to 12:20 P.M. (IST)
  • Location: Conducted through video conferencing/other audio visual means (VC/OAVM)
  • Total Attendance: 133 members attended the AGM

Proposed Resolutions and Implications

The following seven resolutions were presented for shareholder approval:

Ordinary Business:

1. Adoption of Audited IND AS Financial Statements (Standalone & Consolidated) for financial year ended 31st March, 2026 together with reports of Board of Directors and Auditors

2. Declaration of Dividend on Equity Shares

3. Re-appointment of Mr. Nishant Arya (DIN: 00004954) as a Director liable to retire by rotation

Special Business:

4. Ratification of remuneration payable to Cost Auditors

5. Issue of Securities

6. Re-appointment of Mr. Nishant Arya as Managing Director (Key Managerial Personnel) designated as Vice-Chairman and Managing Director for a period of three years w.e.f. 18th May, 2027 and approval of his remuneration

7. Approval for continuation of directorship of Mr. Praveen Kumar Tripathi (DIN: 02167497) as an Independent Director after attaining the age of Seventy-Five Years

Voting Process and Methods

The company provided multiple voting facilities:

  • Remote e-voting prior to the AGM
  • E-voting (Insta-poll) during the AGM for members who had not exercised votes earlier
  • E-voting facility remained open for 15 minutes post conclusion of AGM

Mr. Dhananjay Shukla (FCS 5886 & CP No. 8271), Managing Partner of M/s. Dhananjay Shukla & Associates, Company Secretaries, was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting at the AGM in a fair and transparent manner.

Financial Performance Highlights (FY26)

The Chairman presented the following consolidated financial performance for FY26:

  • Total Income: ₹6,227.30 Crore (12.7% increase over previous year)
  • EBITDA: ₹843.83 Crore (15.5% growth compared to previous year)
  • Profit After Tax (PAT): ₹238.07 Crore (10.9% increase from previous year)
  • Earning Per Share (EPS): ₹9.25 (8.4% increase over previous year)

Business Updates and Strategic Initiatives

The Chairman highlighted several key business developments:

  • Robust order book of over 10,000 electric buses
  • Single prestigious order of 1,021 e-buses valued at approximately ₹5,500 Crore
  • Ongoing capital-raising plan of up to ₹40 Billion
  • Expansion of JBM E-Verse platform for vertical integration
  • Successful international deployments in Dubai, Jakarta, and Bali
  • Commitment to achieving Net Zero Operations by 2040

Compliance and Regulatory Aspects

The meeting was conducted in compliance with:

  • Applicable provisions of the Companies Act, 2013
  • Relevant circular(s) issued by the Ministry of Corporate Affairs (MCA)
  • Securities and Exchange Board of India (SEBI) regulations
  • Requisite quorum was present as per provisions of the Companies Act, 2013
  • No qualifications, observations or adverse comments in the Statutory Auditors' Report and Secretarial Auditors' Report
  • All requisite statutory registers and necessary documents were made available electronically during AGM for inspection

Post-Meeting Procedures

The Company Secretary confirmed that:

  • Voting results in prescribed format as per Regulation 44(3) of SEBI Listing Regulations would be communicated to Stock Exchanges within stipulated time
  • Consolidated Scrutinizer's Report would be submitted
  • Results would be simultaneously placed on the company website