Jupiter Wagons Acquires 100% Stake in Subsidiary

Jupiter Wagons Limited has acquired the remaining 1.94% equity stake in its material subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited (JTRWF), for a cash consideration of INR 165,296,352. This acquisition increases Jupiter Wagons' shareholding in JTRWF from 98.06% to 100%, making it a wholly owned subsidiary. JTRWF operates in the railway and related industries, manufacturing components like wheels, axles, and wheel sets, and reported a turnover of INR 521.64 Crores for FY 2025-2026. No governmental or regulatory approvals were required for this transaction, which has been completed.