Date: October 23, 2026

Strategic Actions / Business Update

Jupiter Wagons Limited has entered into a Non-Binding Memorandum of Understanding with Pojazdy Szynowe PESA Bydgoszcz S.A. (PESA), a company incorporated under the laws of Poland.

The purpose of the MoU is to explore passenger rolling stock opportunities for India's metro, semi high-speed, and high-speed rail segments.

The MoU is explicitly stated as non-binding, indicating it represents an exploratory phase rather than a committed contractual agreement.

The disclosure is made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations").

Other Operational / Strategic Disclosures

The information about this MoU will also be available on the company's website at www.jupiterwagons.com.