JBMA

JBM Auto Clarifies No Deal Signed for Fortum EV Charging Business Acquisition • 📄 Official Clarification: JBM Auto Limited clarified that neither the company nor its subsidiaries are involved in acquiring Fortum’s EV charging business in India. • ❌ No Agreement Executed: Company stated that no transaction or agreement has been signed to date. • 🧾 Regulatory Compliance: Disclosure issued to address media speculation and ensure compliance with SEBI regulations. • ⚡️ Removes Speculation: Clarification cools expectations around immediate expansion into EV charging infrastructure via acquisition. 🟡 Impact: Neutral to Slightly Negative Removes potential growth-trigger narrative linked to EV charging expansion, but improves transparency and reduces speculation risk.