Jupiter Wagons subsidiary, Jupiter Electric Mobility (JEM), has made a significant stride in the clean energy sector with the launch of its new containerized Battery Energy Storage Systems (BESS). The company has introduced 10-foot and 20-foot configurations, offering storage capacities ranging from 241.00 KWH to 3.00 MWH.

Cutting-Edge Technology for Sustainable Energy Solutions

The newly launched BESS units are designed to address various energy needs, including:

• Replacing diesel generators
• Storing solar energy
• Providing backup power solutions

These air-cooled, modular systems are built with a focus on easy transportation and robust performance in harsh conditions. They are engineered to support diverse clean energy applications across the Commercial & Industrial (C&I) segment.

Made-in-India Initiative

JEM's containerized BESS represents a milestone in India's energy storage sector. The company has taken a vertically integrated approach, with every component from the container to the battery and system integration designed and manufactured in-house. This makes it one of the few such initiatives in the Indian energy storage system (ESS) segment.

Strategic Partnership and Market Expansion

The first 10-foot BESS unit has been supplied in partnership with GMMCO, a CK Birla Group company, to Greenlit, a Mumbai-based subsidiary of Recube. This collaboration aims to drive decarbonization efforts in the events, entertainment, and hospitality sectors.

Mr. Vivek Lohia, Managing Director of Jupiter Group, commented on the launch: "With the launch of our modular 10 ft and 20 ft containerised Battery Energy Storage Systems, JEM marks an important milestone in our Battery Division. Designed ground-up with capacities from 241.00 kWh to 3.00 MWh, these systems highlight our in-house design, engineering, and manufacturing strength."

Global Ambitions and Future Plans

JEM is not limiting its focus to the domestic market. The company is set to export its first 20-foot BESS unit to Africa in October, marking its entry into global markets. Additionally, JEM plans to launch liquid-cooled BESS systems for grid-scale usage in the near future.

Scaling Up Production

To meet the growing demand in the C&I and utility markets, JEM's Indore plant is set to increase its production capacity from 1.00 GWh annually to 5.00 GWh over the next three years.

Contribution to India's Clean Energy Goals

The launch of JEM's containerized BESS aligns with India's Net Zero 2070 vision. By enabling deeper renewable integration, reducing carbon intensity across industries, and building a resilient storage backbone, JEM is contributing to the nation's clean energy future.

This innovative product launch by Jupiter Electric Mobility showcases the company's commitment to sustainable energy solutions and positions it as a key player in India's evolving clean energy landscape.

Jupiter Wagons Limited (JWL), a key player in the Indian wagon manufacturing industry, has announced a significant change in its top leadership. The company's Board of Directors has approved the appointment of Vinod Kumar Agarwal as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective September 24, 2025.

Board Approval and Committees' Recommendations

The appointment comes on the heels of recommendations from both the Nomination and Remuneration Committee and the Audit Committee. The decision was finalized during a board meeting that commenced at 12:00 PM and concluded at 01:15 PM on the appointment date.

Agarwal's Role and Responsibilities

In his new role, Agarwal will replace Sanjiv Keshri in determining the materiality of events and making disclosures to stock exchanges under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR). This change positions Agarwal as a key figure in the company's financial communications and regulatory compliance efforts.

Professional Background

Vinod Kumar Agarwal brings a wealth of experience to Jupiter Wagons, boasting 17 years in the finance sector. His expertise spans several critical areas:

• Financial Planning and Analysis
• Fundraising and Investments
• Accounts and Audit
• Business Process Re-engineering
• Standard Operating Procedures (SOPs) and Internal Controls
• Budgeting and Cost Control
• Treasury and Working Capital Management
• ERP Implementation (SAP)
• Taxation
• Corporate Governance
• Investor Relations
• Compliance
• IT Integration

Specialized Skills

Agarwal is noted for his proficiency in:

• Aligning organizational strategy with operational goals through financial planning, budgeting, and costing
• Analyzing financial data and delivering insightful, value-driven reports
• Conducting variance analysis and integrated financial modeling
• Facilitating informed decision-making to drive sustainable business growth, profitability, and operational excellence

Terms of Appointment

The appointment is on a full-time basis, effective from September 24, 2025. Agarwal will serve as a Key Managerial Personnel as per the provisions of the Companies Act, 2013 and Listing Regulations.

Regulatory Compliance

Jupiter Wagons Limited has made this announcement in compliance with Regulation 30 read with Schedule III and other applicable provisions of the SEBI Listing Regulations. The company has also provided detailed information as required under the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 (updated as of December 31, 2024).

This strategic appointment underscores Jupiter Wagons' commitment to strengthening its financial leadership and ensuring robust financial management and compliance practices.