Please find enclosed announcement on incorporation of a subsidiary.

November 3, 2026 The Corporate Relationship Department, The Manager, Listing Department, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Scrip Code: 533272 NSE Symbol : JWL Sub: Intimation for incorporation of a Subsidiary Company in India Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”). Dear Madam/ Sir, Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Company has incorporated a subsidiary company in the name and style of Jupiter Green Power Solutions Private Limited. The details as required under the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated 30th January 2026 as amended, are enclosed as Annexure-A. This information will also be available on the website of the Company at www.jupiterwagons.com. Kindly take the same on your record. Yours Faithfully, For Jupiter Wagons Limited Ritesh Kumar Singh Company Secretary Corporate Office : 16 Taratala Road, Kolkata - 700088(W.B.) Phone : 033-65229400/01 Regd. Office : 48 Vandana Vihar, Narmada Road, Gorakhpur, Jabalpur - 482001 (M.P.) Phone : 0761-266 1336 Website : www.jupiterwagons.com e-mail : corporate@jupiterwagons.com Annexure A Sl. Particulars Details (a) Name of the target entity, details in brief such Jupiter Green Power Solutions Private Limited as size, turnover etc. (JGPSPL). - Authorized Share Capital: ₹ 15,00,000/- (Rupees Fifteen Lakh only) - Paid up Share Capital: ₹ 1,00,000/- (Rupees One Lakh only) - Turnover: Not Applicable (as operations yet to start) (b) Whether the acquisition would fall within The intimation is regarding incorporation of a related party transaction(s) and whether the subsidiary of Jupiter Wagons Limited (JWL). promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” (c) Industry to which the entity being acquired Energy and Power Sector. belongs (d) Objects and impact of acquisition (including Not applicable, as this is incorporation of a but not limited to, disclosure of reasons for subsidiary Company. acquisition of target entity, if its business is outside the main line of business of the listed entity) (e) Brief details of any governmental or regulatory Not Applicable. approvals required for the acquisition (f) Indicative time period for completion of the acquisition (g) Consideration - whether cash consideration or Cash consideration. JWL has subscribed to 99% of share swap or any other form and details of the the initial paid-up share capital of JGPSPL. same (h) Cost of acquisition and/or the price at which The shares are subscribed at a face value of ₹10/- the shares are acquired per share. (i) Percentage of shareholding / control acquired JWL holds 99% of the shareholding in JGPSPL. and / or number of shares acquired (j) Brief background about the entity acquired in Date of Incorporation – 3rd November, 2026. terms of products/line of business acquired, Other details of the Company like turnover, etc. do date of incorporation, history of last 3 years not apply as the company is yet to commence its turnover, country in which the acquired entity operations. has presence and any other significant information (in brief) Corporate Office : 16 Taratala Road, Kolkata - 700088(W.B.) Phone : 033-65229400/01 Regd. Office : 48 Vandana Vihar, Narmada Road, Gorakhpur, Jabalpur - 482001 (M.P.) Phone : 0761-266 1336 Website : www.jupiterwagons.com e-mail : corporate@jupiterwagons.com