YEAR EVENTS 1987 - The Company was Incorported on 19th March, at Delhi. The company was promoted as a joint venture by Maruti Udyog Ltd. (MUL), and private promoters F.C. Singhal, S.K. Arya, S.P. Arya and S.K. Bindal and Associates, with MUL contributing 31% of the equity capital of the company. The Company Manufacture sheet metal components, assemblies and sub-assemblies. - The Company undertook to set up a project for the manufacture of sheet metal components, assemblies and sub-assemblies. Technical assistance and back-up support required for the project was to be provided by MUL as per specifications and quality standards prescribed by Suzuki, Japan. 1988 - 700 No. of equity shares subscribed for by the signatories to the Memorandum of Association. 51,19,300 No. of equity shares then issued at par of which the following shares were reserved and allotted on a firm basis: - (i) 15,84,300 shares to resident directors, their friends etc. and (ii) 15,85,000 shares to Maruti Udyog Ltd. (MUL). Of the balance 19,50,000 No. of equity shares the following shares were reserved for allotment on a preferential basis: (i) 5,50,000 to NRIs (all were taken up) and (ii) 2,56,000 shares to employees/workers of the Company (only 22,200 shares taken up). The remaining 11,44,000 shares along with 2,33,800 shares not taken up by employees were offered for public subscription during September/October 1988. Additional 2,92,500 shares allotted to retain over-subscription (82,500 shares to NRIs and 2,10,000 shares to the public. 1990 - A new line for manufacture of components for 1000 cc Maruti Car was established. 1991 - The company signed a joint venture agreement with HMT Ltd. for setting up a Tool Room. 1992 - Maruti Udyog, Ltd., was proposing to launch a new model car named Zen and the Company received letter of intent from MUL for manufacturing of Components for this new model. - The Company launched the new model car namely `ZEN' and pilot supply of components for the new model has started. - The Company had also developed some of the intricate Gypsy/1000cc car components. Exports possibilities being explored and received enquiries from U.K. and Egypt. 1993 - As a part of diversification the Company proposed to set up a modern tool room to develop tools for increasing requirements of MUL. 1994 - The Company developed various new sheet metal components which were imported till date. - The Company proposed to double the capacity from 12,500 tonnes to 25,000 tonnes per annum with the installation of new machineries and infrastructure. The project was commissioned during 1995-96. 1995 - The Company continued to develop new sheet metal components. 1996 - The Company successfully developed components and assemblies for ESTEEM & ZEN for export model cars. - The Company signed another technical assistance agreement with M/s. Hamamatsu Pipe Co. Ltd. Japan, a subsidiary of M/s. Suzuki Motor Corporation for improving muffler manufacturing technology to meet the stringent emission norms. - The Company has entered into a tripartite agreement with NSDL and CDSL for dematerilisation of equity shares. 2003 -Approved voluntary delisting of equity shares from Ahmedabad, Kolkata and Delhi Stock Exchange. 2005 -Company has splits its Face value of Shares from Rs 10 to Rs 5 2006 -Jay Bharat Maruti has given the Bonus in the Ratio of 1:1 2007 -Jay Bharat Maruti Ltd has appointed Mr. Rajeev Ranjan as an Assistant Company Secretary & Compliance Officer of the Company w.e.f. 1st January 2007. - Jay Bharat Maruti Ltd has redesignated Mr. Surendra Kumar Arya, Vice Chairman & Managing Director of the Company as Chairman & Managing Director of the Company. 2009 - Jay Bharat Maruti Ltd has appointed Mr. Achintya Karati as an additional director of the Company w.e.f. April 14, 2009. 2010 - Mr. S. Kartik has been appointed as Company Secretary & Compliance Officer of the Company. 2011 -The Company has recommended a dividend of Rs. 2.00/- per share (40%) on 21650000 Fully paid-up equity shares of Rs. 5/- each of the Company for Financial Year 2010-11. -Jay Bharat Maruti FY11 net profit soars 82% at 38 cr 2012 -The Company have recommended a dividend @ 30% i.e. Rs. 1.50 per fully paid up equity share of Rs. 5/- each for the year ended on March 31, 2012 2013 -The Company has recommended a dividend of Rs. 1.50/- (One Rupee and Fifty paise only) per fully paid up equity share of Rs. 5/- each for the year ended March 31, 2013. 2014 -Mr. Dinesh Kumar has been appointed as Company Secretary & Compliance Officer of the Company w.e.f. January 21, 2014 in place of Mr. S. Kartik, who has left the Company on August 22, 2013. -Jay Bharat Maruti Q3 net jumps 64% at Rs 7.5 cr 2020 -JBM Auto bags order for supply of 116 buses from Delhi Integrated Multi-Modal Transit System. 2021 -The Company has issued Bonus Shares in the Ratio of 1:1. -JBM Auto bags 700 BS6 low floor bus order from DTC. 2023 -The Company has splits its face value from Rs. 5/- to Rs. 2/-.