The Board of JBM Auto Limited has approved a proposal to raise up to ₹1,500 crore through the issuance of equity shares or other eligible securities, subject to shareholder approval. The move is intended to support capacity expansion, technology investment and the company’s growing electric mobility business.
The approval was announced alongside the company’s Q1 FY2026-27 results, in which consolidated net profit rose around 16% year-on-year to ₹42.43 crore on higher electric vehicle revenues. The Board also reappointed Nishant Arya as Vice Chairman and Managing Director for a further three-year term.
Source: TipRanks, 30 July 2026.
