Date: August 3, 2026
Disinvestment / Strategic Actions
Jupiter Wagons Limited has acquired the remaining equity stake of 1.94% in its material subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited (JTRWF), from an existing shareholder. The acquisition involved 63,57,552 equity shares for a total cash consideration of INR 165,296,352 (Indian Rupees One Hundred and Sixty-Five Million Two Hundred and Ninety-Six Thousand Three Hundred and Fifty-Two). Consequently, the company's aggregate shareholding in JTRWF has increased from 98.06% to 100%, making it a wholly-owned subsidiary. The acquisition has been completed and did not require any governmental or regulatory approvals. The transaction is not a related party transaction and was conducted at arm's length.
Details of Acquired Entity
Name: Jupiter Tatravagonka Railwheel Factory Private Limited (JTRWF)
Industry: Railway and Related Industries, specifically manufacturing components of rolling stocks such as wheels, axles, and wheel sets.
Date of Incorporation: February 8, 2013
Manufacturing Plants: Located in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra and Khordha, Odisha.
Annual Production Capacity: Wheels - 220,000 p.a., Axles - 75,000 p.a., Wheel Sets - 56,000 p.a.
Financial Turnover:
- F.Y. 2023-2024: INR 163.78 Crores
- F.Y. 2024-2025: INR 333.12 Crores
- F.Y. 2025-2026: INR 521.64 Crores
Governance Notes
The disclosure confirms that none of the promoter/promoter group/group companies of Jupiter Wagons Limited have any interest in JTRWF, except for its status as a subsidiary. It is noted that Mr. Vikash Lohia (Promoter Director), Mr. Navin Nayar, and Mrs. Madhuchhanda Chatterjee (Independent Directors) serve on the Boards of both Jupiter Wagons Limited and JTRWF.
The intimation is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and complies with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.