Jamna Auto Industries Ltd

Facility scope and investment

• Board approved brownfield leaf spring facility of 1,500 MT/month at Adityapur via Jai Suspensions.
• Investment around Rs 47 crore, primarily funded by internal accruals, with production expected December 2027.

Leaf spring facility expansion

• Board approved setting up leaf spring facility at existing Jai Suspensions Limited plant.
• Facility capacity planned at 1,500 MT per month.
• Location: brownfield expansion at Adityapur, Jharkhand, for OEMs and East India aftermarket.
• Commercial production expected to start around December 2027.
• Estimated investment of about Rs 47 crore, subject to management adjustments.
• Financing primarily through internal accruals.
• Rationale: expand manufacturing capabilities via brownfield expansion leveraging existing infrastructure.

Overview & Strategy

• Core business: leaf springs and suspension components for OEMs and aftermarket.
• Lakshya Rise 5000 targets Rs 5,000 Cr revenue by FY29-30, with 40% new markets.
• First overseas acquisition: Owen Springs Limited, UK, for £2.0m, funded from internal accruals.
• Completion expected by mid-September 2026.

Capex & Capacity Expansion

• Adityapur plant: brownfield leaf-spring line via Jai Suspensions Ltd.
• Total plants planned at 10; expansion supports long-term growth and OEM/east demand.
• Indore and Jharkhand capacity expansions; integrated suspension plant including axle and rubber.

Q1 FY27 Financials

• Q1 revenue ₹612 Cr; EBITDA ₹88 Cr, margin 14.4%.
• PBT ₹66 Cr; PAT ₹49 Cr; cash accruals ₹67 Cr.
• QoQ revenue -27%; YoY revenue +7%.

Capital Structure & Governance

• Promoters 50%, Institutions 13%, Corporate Bodies 2%, Individuals 35% as of 30 Jun 2026.
• Credit ratings: CARE A1+/AA; ICRA A1+/AA (Stable).
• Board approved acquisition on 24 July 2026.

Outlook, Risks & Strategy

• Input costs rose due to West Asia conflict; passing through to customers in progress.
• Demand remains positive due to infrastructure investments.
• Lakshya Rise 5000 targets 40% new markets and 40% ROCE by FY29-30; 50% dividend payout.

Financial results and related disclosures

• Un-Audited standalone and consolidated financial results for quarter ended June 30, 2026 approved.
• Limited Review Reports issued by statutory auditors enclosed.

Certificate submitted

• Certificate from registrar and transfer agent is enclosed for the reporting period.

Resolution: Re-appointment of Independent Director

• Special resolution to re-appoint Gautam Mukherjee as Independent Director for a five-year term.
• Term: May 31, 2026 to May 30, 2031; not liable to retire by rotation.
• Outcome: Passed with requisite majority via postal ballot.
• Voting results: For 98.249% of votes polled; Against 1.751%.
• Total votes cast: 25,90,52,104; promoter group accounted for 95.9218% of votes polled.
• Promoter interest: No promoter/Promoter Group interest in the resolution.
• E-voting period: June 1–30, 2026; results announced July 1, 2026.
• Governance impact: Maintains board independence; no change to share capital.
• Scrutinizer report: Confirmed the result.