Jupiter Wagons incorporates Green Power subsidiary

Key Quantitative Figures

• Authorized Share Capital of subsidiary: ₹15,00,000 (Rupees Fifteen Lakh)
• Paid-up Share Capital of subsidiary: ₹1,00,000 (Rupees One Lakh)
• JWL subscription: 99% of paid-up share capital
• Share face value: ₹10 per share
• Consideration form: Cash

Parties Involved

• Jupiter Wagons Limited (Listed entity, Scrip Code: 533272, NSE Symbol: JWL)
• Jupiter Green Power Solutions Private Limited (Newly incorporated subsidiary)
• Ritesh Kumar Singh, Company Secretary (Signatory)

Industry Classification

The newly incorporated subsidiary operates in the Energy and Power Sector.

Operational Status

The subsidiary has not commenced operations as of the incorporation date. Turnover and historical financial details are not applicable.

Transaction Details

• Not a related party transaction
• No promoter/promoter group/group companies have interest in the subsidiary
• Transaction conducted at arm's length
• No governmental or regulatory approvals required

Financial Impact

Immediate financial impact limited to the cash outflow of ₹99,000 for 9,900 shares subscribed at face value. No material impact on consolidated financials disclosed.

Capital Structure Impact

JWL's investment represents a minor capital allocation. No dilution or significant change to JWL's capital structure.

Additional Information

This information is available on the company's website at www.jupiterwagons.com.