JBM Auto Limited Board Approves the Resignation of Mrs. Vimal Vasisht as Non-Executive Independent Director; Recommends Dividend for the Financial Year Ended March 31, 2017

JBM Auto Limited is an India-based manufacturer of auto systems with a presence in the e-mobility space. The Company manufactures and sells sheet metal components, tools, dies and moulds and buses, including sale of spare parts, accessories and maintenance contracts of buses. Its segments include sheet metal components, assemblies and sub-assemblies (Component Division); tool, dies and moulds (Tool Room Division), and original equipment manufacturer (OEM) Division. The Component Division is engaged in the business of manufacturing of automobiles parts for commercial and passenger vehicles. The Tool Room Division manufactures dies for the sheet metal segment or sells dies. The OEM Division includes activities related to development, design, manufacture, assembly and sale of bus as well as parts, accessories and maintenance contracts of the same. The Company's products include auto systems, high-level assemblies, electric vehicles (EVs) and buses.