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JBM Auto
BSE: 532605|NSE: JBMA|ISIN: INE927D01010|SECTOR: Auto Ancillaries
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Oct 22, 16:15
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Company History - JBM Auto
1990 - JBM Auto Ltd was incorporated to manufacture Tools, Dies and
 Moulds at Faridabad.
 
 1993 - The company had started a press shop for manufacturing of
 sheet metal components and Welded Sub-assemblies to meet the growing
 stringent quality requirements of automobile industry.
 
 1994 
 
 -The company went for its first public issue in March, 1994. 
 
 2003 
 
 -The company decided to go for expansion by putting up a green field
 project at Greater Noida and expansion of its existing facilities at
 Faridabad by adding sophisticated machinery and equipments, which
 brings in latest technologies.
 
 2005
 
 -Company has changed its name from JBM Auto Components Ltd. to JBM
 Auto Ltd.                                                            
  
                                                   
 2006 
 
 -Company again decided to go for expansion by putting up a new
 manufacturing unit at Nashik.
 
 2007 
 
 -Board of directors of the company on 28th July 2007 had recommended
 the issue of Bonus Shares in the ratio of 2:1.
 
 -Board of directors of the company had revised the bonus issue ratio
 from 2:1 to 1:2.
 
 -JBM Auto had changed its registered office with effect from 1st
 August 2007, from Lado Sarai, opposite to Qutab Minar, New Delhi to
 Nehru Place, New Delhi.
 
 -Company had fixed 25th October 2007, as record date for issue of
 bonus shares in the ratio of 1:2.
 
 2008 
 
 -The company had entered into a 50:50 Joint Venture with Magnetto
 Automotive S.P.A. (ITALY) for manufacture of skin panels, body and
 under body, welded parts and sub systems for four wheeler OEMs in
 Pune region.
 
 -Further company had entered into a Joint Venture Agreement with
 Sandhar Technologies Limited with 50:50 stake to form a consortium
 for operating and maintaining the tool room and technical service
 centre of Pithampur Auto Clusters Limited (PACL).
 
 2009
 
 -JBM Auto acquires 73.89% equity stake of Thyssenkrupp JBM.
 
 -Investment in New Joint Venture Company, JBM Ogihara Automotive
 India Ltd.
 
 -The Company appointed Mr. Nishant Arya as Director of the Company.
 
 2010
 
 -The Company has recommended a dividend @ 15% (i.e. Rs. 1.50 per
 share).
 
 2011
 
 -The Company has recommended a dividend @ 20% (i.e. Rs. 2.00 per
 share). 
 
 2012
 
 -The Company has recommended a dividend @ 15% (i.e. Rs.1.50 per
 share).
Source : Dion Global Solutions Limited
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