Jupiter Wagons Incorporates New Subsidiary Jupiter Rail Mobility

Jupiter Wagons Ltd has announced the incorporation of a new wholly-owned subsidiary, Jupiter Rail Mobility Private Limited (JRMPL). The subsidiary, established in the Railway and Engineering Industry, has an authorized share capital of ₹15,00,000 and a paid-up share capital of ₹1,00,000. Operations have not yet commenced, making turnover not applicable. Jupiter Wagons Limited will hold 99.9% of the shareholding in JRMPL. This move is part of the company's strategic expansion within its core business areas.