Jamna Auto Industries Limited — Important, 28-10-2024: Closure of operations

Jamna Auto Industries Ltd. has announced the closure of its wholly-owned subsidiary Jai Automotive Components Limited's manufacturing unit in Pant Nagar, Uttarakhand, due to its small scale and inability to achieve economies of scale. This step, expected to complete in a month, will not significantly impact the company's consolidated financials, as the unit contributed only 0.11% to turnover and 0.84% to net worth. The company plans to enhance focus on core products by consolidating manufacturing in new locations.