JBM Auto has transferred/sold 15% equity shares of JBM Electric Vehicles (a Wholly Owned Subsidiary) to Nishant Arya, Individual Promoter of the Company. Due to such transfer, Shareholding of the Company in JBM Electric Vehicles reduced to 85%. Now JBM Electric Vehicles has become the subsidiary of the Company with effective from July 10, 2023.
JBM Auto is the flagship company of JBM Group.