The faction's general secretary Arun Shrivastava said its lone MLA, Chhotu Vasava from Gujarat, will fight the state polls under the banner of the new party, Bhartiya Tribal Party, whose symbol will be auto rickshaw.
Vasava was the Yadav-led group's acting president but floated a new party after the EC recognised Bihar Chief Minister Nitish Kumar-led faction as the real JD(U) and accepted its claim over the poll symbol of arrow.
The announcement marks the formal separation between Yadav and Kumar, who had joined hands to oust Lalu Prasad-led RJD government in Bihar.
The JD(U) was in alliance with the BJP till Kumar decided to snap ties in 2013 and was supported by Yadav. The JD(U) formed the grand alliance with Lalu Prasad's RJD and the Congress in 2015 and won the Bihar Assembly polls.
Also Read
An overwhelming number of elected party members and most office bearers remained with Kumar.
While the Yadav faction will continue to contest the EC's decision in courts, it will float a new party to carry on with its politics, Shrivastava told reporters.
He also hit out at Kumar for giving ticket to a candidate named Chhotu Vasava to take on MLA Vasava in the latter's constituency.
The national executive also chose Rajsekharan, its leader from Tamil Nadu, as its acting president.
Disclaimer: No Business Standard Journalist was involved in creation of this content