JBM Auto Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2023

1. The unaudited financial results for the Quarter ended June 30, 2023 are reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on 31st July 2023. The Statutory Auditors have expressed an unmodified opinion on the aforesaid results.
2. The above financial statements have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under section 133 of the Companies Act, 2013 read with the Rule 3 of the Companies (Indian Accounting Standards) Rules,2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.
3. As per Ind AS 108 "Operating Segments", the Company has disclosed the segment information only as a part of Consolidated Financial Results.
4. During the Quarter there is change in status of JBM Ecolife Mobility Private Limited from Wholly Owned Subsidiary to Subsidiary of the Company. Now JBM Auto Limited holds 83% in JBM Ecolife Mobility Private Limited
5. There is change in status of JBM Electric Vehicles Private Limited from Wholly Owned Subsidiary to Subsidiary of the Company w.e.f 10th July 2023. Now JBM Auto Limited holds 85% in JBM Electric Vehicles Private Limited. During the Quarter , JBM Electric Vehicles Private Limited has commenced its commercial operations.
6. The Consolidated financial results includes the results of the Company, Twelve Subsidiary Companies and Four Joint Ventures Companies
7. The figure for the corresponding previous period/year have been rearranged/regrouped/ reclassified wherever considered necessary to make them comparable.
8. The figures for the quarter ended March 31, 2023 are the balancing figures between the audited figures for year ended March 31, 2023 and published figures upto nine months ended December 31, 2022 which was subjected to limited review .