Jupiter Wagons: QIP Proceeds Monitoring Report for June 30, 2026

Jupiter Wagons Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as required by SEBI regulations. The report, prepared by CARE Ratings Limited, covers the utilization of funds from a Qualified Institutional Placement (QIP) of equity shares amounting to ₹403.41 crore. The report indicates no deviation from the stated objects of the issue. However, it notes a delay in the utilization of proceeds for a capital expenditure project, with a revision in the object approved by shareholders on April 18, 2025. The monitoring agency confirms no conflict of interest in its role.