Jindal Worldwide Ltd EV‑subsidiary showroom expansion plan

electric‑vehicle subsidiary, Jindal Mobilitric Private Limited, announced plans to scale its retail footprint to about 100 showrooms across India by FY28, starting with ~40 by FY27; it currently operates 2 showrooms (Srinagar and Jaipur) and has appointed 52 dealers. To support this, the company approved and executed a ₹15 crore corporate guarantee for Jindal Mobilitric. At the 40th AGM on September 1, 2026, shareholders reappointed Amit Yamunadutt Agarwal as Managing Director for three years (to September 2, 2029) with 99.88% support, reappointed Vikram Pushpak Oza as a Non‑Executive Non‑Independent Director, and approved an increase in authorised share capital. After hitting a 52‑week high and 20% upper circuit on September 3–4, the stock fell about 5% to ₹52.88 on September 11, though it remains up roughly 63–66% in 2026 following a 63% decline in 2025.