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.

Jupiter Wagons Limited, a prominent player in the Indian wagon manufacturing industry, has successfully obtained approval from both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for the reclassification of a promoter shareholder. The company announced that Ms. Sagarika Gupta's status has been changed from 'Promoter' to 'Public' shareholder category.

Reclassification Process

The reclassification journey began on August 14, when Jupiter Wagons submitted applications to both NSE and BSE. The exchanges reviewed the request and granted their approval on September 18. Following this approval, Ms. Sagarika Gupta immediately ceased to be a member of the Promoter/Promoter Group.

Impact on Shareholding Structure

The reclassification has resulted in a minor shift in the company's shareholding pattern:

It's worth noting that the total number of shares remained unchanged at 42,44,98,049.

Regulatory Compliance

Jupiter Wagons Limited has adhered to the regulatory requirements outlined in Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's compliance officer, Ritesh Kumar Singh, confirmed the receipt of approval letters from both BSE and NSE.

This reclassification marks a small but significant change in Jupiter Wagons' ownership structure. While the shift in percentages is minimal, it represents an important corporate action that aligns with regulatory standards and potentially impacts the company's public float.

Investors and market watchers may want to take note of this development as part of their ongoing assessment of Jupiter Wagons Limited's corporate structure and governance practices.