Jupiter Wagons , a prominent player in the Indian wagon manufacturing industry, has received a request from promoter Sagarika Gupta to reclassify her shareholding from the 'Promoter and Promoter Group' category to the 'Public' category. This development comes as part of the company's ongoing efforts to maintain transparency and comply with regulatory requirements.

Shareholding Details

Sagarika Gupta currently holds 55,100 equity shares, representing 0.01% of Jupiter Wagons' total equity share capital. These shares were transmitted to her following the demise of her father, Late Samir Kumar Gupta, who was a promoter of the company.

Reasons for Reclassification

In her request dated August 5, 2025, Gupta stated several key points:

1. She does not exercise control over the company.
2. She is not involved in the management of Jupiter Wagons.
3. She holds no special rights in the company.

Regulatory Process

The reclassification request is subject to a multi-step approval process:

1. Analysis and approval by the Board of Directors of Jupiter Wagons Limited
2. Approval from the National Stock Exchange of India Limited (NSE)
3. Approval from BSE Limited
4. Compliance with applicable regulatory conditions as specified under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Compliance Assurances

In her letter to the Board of Directors, Gupta provided several compliance assurances:

• She, along with persons related to her, do not hold more than ten percent of the total voting rights in the company.
• They do not have any special rights through formal or informal arrangements, including shareholder agreements.
• They will not be represented on the board of directors or act as key managerial personnel in the company.
• They are not classified as 'wilful defaulters' or fugitive economic offenders.

Gupta also committed to complying with the conditions mentioned under Regulation 31A(3) of the SEBI Listing Regulations for a period of not less than three years from the date of reclassification.

Upcoming Board Meeting

In a separate announcement, Jupiter Wagons Limited has scheduled a board meeting for August 12, 2025, to consider and approve the unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025. The company has also reminded that the trading window for dealing in its securities remains closed for all designated persons and insiders until 48 hours after the declaration of these financial results.

This reclassification request and the upcoming financial results announcement highlight Jupiter Wagons' commitment to regulatory compliance and transparent corporate governance practices.

Jupiter Wagons Ltd. , a multibagger stock that has seen remarkable growth over the past five years, reported a slight decline in its fourth-quarter profits. Despite this setback, the company has outlined ambitious growth plans for the coming years.

Q4 Financial Performance

Jupiter Wagons reported a net profit of ₹103.00 crore for the fourth quarter, representing a 2.00% decrease compared to the same period in the previous year. Revenue for the quarter stood at ₹1,044.00 crore, down 6.40% year-over-year.

Future Outlook and Order Book

Despite the recent dip in quarterly performance, Jupiter Wagons has set an ambitious target for future growth. The company aims to achieve a revenue of ₹10,000.00 crore by the fiscal year 2027, with a projected EBITDA margin of 27.00%.

Supporting this goal is a robust order book, which currently stands at ₹6,303.60 crore. This substantial backlog provides a strong foundation for the company's growth aspirations in the coming years.

Stock Performance

Jupiter Wagons has been a remarkable performer in the stock market over the long term. The stock has delivered an extraordinary return of over 3000% in the past five years, classifying it as a multibagger stock. However, the year-to-date performance has seen a decline, with the stock down 21.87%.

The recent quarterly results and the stock's YTD performance suggest that Jupiter Wagons may be facing some near-term challenges. However, the company's ambitious revenue target and strong order book indicate confidence in its long-term growth prospects.

Investors and market watchers will likely keep a close eye on Jupiter Wagons' performance in the coming quarters to see if the company can reverse the recent decline and make progress towards its ambitious fiscal year 2027 targets.