Meeting Details

The postal ballot was conducted through remote e-voting without a physical meeting. The remote e-voting period remained open from Thursday, 04 June 2026 (09:00 A.M. IST) till Friday, 03 July 2026 (05:00 P.M. IST). The cut-off date for determining shareholder eligibility was 29 May 2026.

Proposed Resolutions and Implications

The postal ballot contained 12 resolutions:

Ordinary Resolutions (1-8):

  • Resolution 1: Material Related Party Transaction(s) with JBM Electric Vehicles Private Limited
  • Resolution 2: Material Related Party Transaction(s) with Ecolife Mobility EV Private Limited
  • Resolution 3: Material Related Party Transaction(s) with Ecolife Mobility Vehicles Private Limited
  • Resolution 4: Material Related Party Transaction(s) with Ecolife GT Mobility Private Limited
  • Resolution 5: Material Related Party Transaction(s) with JBM Ecolife Mobility Haryana Private Limited
  • Resolution 6: Material Related Party Transaction(s) between JBM Electric Vehicles Private Limited and JBM Green Energy Systems Private Limited
  • Resolution 7: Material Related Party Transaction(s) with JBM Ecolife Mobility Private Limited
  • Resolution 8: Material Related Party Transaction(s) with Neel Metal Products Limited

Special Resolutions (9-12):

  • Resolution 9: To consider and approve the pledge of shares of material subsidiary/joint venture i.e. JBM Ecolife Mobility Private Limited
  • Resolution 10: Authorisation to Board under Section 180(1)(c) of the Companies Act, 2013
  • Resolution 11: Authorisation to Board under Section 180(1)(a) of the Companies Act, 2013
  • Resolution 12: Authorisation to Board under Section 185 of the Companies Act, 2013

The promoter/promoter group was interested in all agenda items/resolutions.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facilitated by KFin Technologies Limited. The company engaged KFin Technologies Limited to provide the e-voting platform at https://evoting.kfintech.com/. Physical copies of the notice, postal ballot form, and pre-paid business reply envelopes were not sent to members in compliance with MCA Circulars. The notice was sent only by e-mail to all members registered as on the cut-off date.

Advertisement for the postal ballot was published in "Business Standard" (English & Hindi) in Delhi Edition on 04 June 2026.

Key Voting Outcomes

Overall Participation:

  • Total number of shareholders on cut-off date: 188,406
  • Total votes cast: 405,551,50 (approximately 405.55 million)
  • Percentage of votes polled on outstanding shares: 17.1485%

Resolution-wise Results:

Resolution 1 (Ordinary):

  • In Favour: 402,966,09 votes (99.3625%)
  • Against: 258,541 votes (0.6375%)
  • 9 members with 1,388 votes abstained

Resolution 2 (Ordinary):

  • In Favour: 402,965,19 votes (99.3623%)
  • Against: 258,622 votes (0.6377%)
  • 8 members with 1,387 votes abstained

Resolution 3 (Ordinary):

  • In Favour: 402,965,49 votes (99.3623%)
  • Against: 258,621 votes (0.6377%)
  • 9 members with 1,406 votes abstained

Resolution 4 (Ordinary):

  • In Favour: 402,963,89 votes (99.3620%)
  • Against: 258,742 votes (0.6380%)
  • 8 members with 1,387 votes abstained

Resolution 5 (Ordinary):

  • In Favour: 402,966,88 votes (99.3627%)
  • Against: 258,472 votes (0.6373%)
  • 9 members with 1,388 votes abstained

Resolution 6 (Ordinary):

  • In Favour: 362,447,21 votes (89.3714%)
  • Against: 43,104,49 votes (10.6286%)
  • 9 members with 1,406 votes abstained

Resolution 7 (Ordinary):

  • In Favour: 402,967,00 votes (99.3627%)
  • Against: 258,471 votes (0.6373%)
  • 8 members with 1,387 votes abstained

Resolution 8 (Ordinary):

  • In Favour: 362,445,30 votes (89.3710%)
  • Against: 43,106,01 votes (10.6290%)
  • 8 members with 1,387 votes abstained

Resolution 9 (Special):

  • In Favour: 400,237,50 votes (98.6897%)
  • Against: 531,380 votes (1.3103%)
  • 9 members with 1,406 votes abstained

Resolution 10 (Special):

  • In Favour: 376,010,67 votes (92.7158%)
  • Against: 29,541,03 votes (7.2842%)
  • 9 members with 1,388 votes abstained

Resolution 11 (Special):

  • In Favour: 377,117,66 votes (92.9888%)
  • Against: 28,433,84 votes (7.0112%)
  • 9 members with 1,388 votes abstained

Resolution 12 (Special):

  • In Favour: 361,833,66 votes (89.2201%)
  • Against: 43,717,93 votes (10.7799%)
  • 10 members with 1,407 votes abstained

Promoter Group Participation:

  • Promoters held 159,708,286 shares but did not participate in voting (0 votes cast)

Institutional Investors Participation:

  • Public Institutions held 4,985,387 shares
  • 4,391,190 votes polled (88.0812% participation)

Non-Institutional Public Participation:

  • Public Non-Institutions held 71,800,591 shares
  • 36,163,960 votes polled (50.3672% participation)

Scrutinizer's Role and Findings

Mr. Dhananjay Shukla, Practicing Company Secretary (Managing Partner of M/s. Dhananjay Shukla & Associates), was appointed as Scrutinizer on 27 April 2026. The scrutinizer unblocked the votes cast through e-voting at 5:00 P.M. (IST) on 03 July 2026 in the presence of two witnesses who were not employees of the Company.

The scrutinizer certified that all 12 resolutions were passed with the requisite majority and submitted his report on 07 July 2026. The e-voting data and all relevant records have been kept by the scrutinizer and will be handed over to the Company Secretary/Authorized Director for safe keeping.

Compliance with Laws and Regulations

The company confirmed compliance with:

  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Sections 108 and 110 of the Companies Act, 2013
  • Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
  • Multiple MCA Circulars dated between April 2020 and September 2025
  • SEBI Circular No. SEBI/HO/CFD/PoD-2/P/CIR/2024/133 dated October 3, 2024
  • Secretarial Standards on General Meeting (SS-2)

Additional Information

The results along with the Scrutinizer's Report are displayed on the notice board of the Company at its Registered Office and Corporate Office. The results are also posted on the company website (https://jbmbuses.com/jbm-auto-ltd/scrutinizer-report-e-voting-results/) and on the website of KFin Technologies Limited (www.evoting.kfintech.com).

The resolutions are deemed to be passed on Friday, 03 July 2026, being the last date of remote e-voting.