NSENews Verification21 Aug 2026 · 21 Aug 2026, 04:49 pm

News Verification

JBM Auto Limited · JBMA

✦ AI SummaryRegulatory

JBM Auto Limited clarifies that a news report about Bain Capital investing $300 million in its EV business is related to a subsidiary and there is no material information requiring disclosure.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

The Exchange has sought clarification from JBM Auto Limited with respect to recent news item captioned Bain Capital looks to drive into JBM Auto s EV business with $300 mn bet. The response from the Company is attached.

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JBMA_21082026164813_JBMAClarificationletterstx.pdf

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JBM Auto Limited Plot No. 133, Sector 24, Faridabad - 121 005 (Haryana) T : +91 - 129-4090200 F : +91 - 129-2234230 W : www.jbmgroup.com E : secretarial.jbma@jbmgroup.com JBMA/SEC/2026-27/29 21st August, 2026 The National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Tower, Bandra Kurla Complex, Bandra (E) Dalal Street, Mumbai – 400051 Mumbai – 400001 Symbol: JBMA Scrip Code: 532605 Sub: Clarification/Confirmation on news item appearing in Economic times. Dear Sir/Madam, This is with reference to the email dated 21st August 2026 received from the National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") seeking clarification on the news item published on The Economic Times website. In view of the above, we wish to clarify that the news report relates to JBM Electric Vehicles Private Limited, a subsidiary of JBM Auto Limited. The subsidiary's management, in the ordinary course of business, continuously evaluates various strategic initiatives, including potential fund-raising opportunities, to support its growth and expansion. As on date, there is no material information requiring disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015. Appropriate disclosures will be made, if required. The Company has complied with and continues to comply with all applicable disclosure requirements under the Listing Regulations. Kindly take the above clarification on record. For JBM Auto Limited Sanjeev Kumar Company Secretary & Compliance Officer M No. A18087 Place: Gurugram Corp. Office : Plot No. 9, Institutional Area, Sector 44, Gurgaon- 122003 (Hr.) T:+91-124-4674500, 4674550 F:+91-124-4674599 Regd. Office : Plot No. 133, Sector – 24, Faridabad - 121005 (Hr.) T: +91 0129-4090200 CIN : L74899HR1996PLC123264