BSECompany Update2d ago · 4 Aug 2026, 05:25 pm
Please find the enclosed imtimation.
Jupiter Wagons Ltd · 533272
✦ AI SummaryJoint Venture
Jupiter Wagons Ltd has entered into a strategic partnership with Lucchini RS Holding S.p.A. and Simest S.p.A. to build India's first fully integrated private-sector railwheel manufacturing platform. The investors will hold 25% of the share capital of Jupiter Tatravagonka Railwheel Factory Private Limited, a wholly-owned subsidiary of Jupiter Wagons Ltd.
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Full Announcement
Jupiter Wagons Ltd - 533272 - Our Intimation Dated August 03, 2026: Jupiter Wagons And Lucchini RS Forge Strategic India-Italy Railway Partnership To Build India''s First Fully Integrated Private-Sector Railwheel Manufacturing Platform
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August 04, 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: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended from time to time (“SEBI
Listing Regulations”).
Ref: Our intimation dated August 03, 2026: Jupiter Wagons and Lucchini RS Forge Strategic
India-Italy Railway Partnership to Build India's First Fully Integrated Private-Sector
Railwheel Manufacturing Platform
Dear Madam/Sir,
Jupiter Wagons Limited (“Company”), Lucchini RS Holding S.p.A. (“Lucchini”), Simest S.p.A.
(“Simest”) (Lucchini and Simest are collectively referred to as “Investors”) and the Company’s wholly
owned subsidiary Jupiter Tatravagonka Railwheel Factory Private Limited (“JTRWF”) have entered
into inter alia (i) a share subscription agreement wherein JTRWF is desirous of issuing to the Investors,
and the Investors, have agreed to subscribe to, the equity shares of JTRWF, on the terms and subject to
the conditions contained in the share subscription agreement (“SSA”), such that upon completion of the
allotment of shares pursuant to the SSA, the Investors shall hold the legal and beneficial ownership to
25% of the share capital plus 1 share of JTRWF and the Company shall hold the balance shareholding
in JTRWF; and (ii) shareholders’ agreement to set out the inter-se rights and obligations of the Company
and Investors with respect to JTRWF (“SHA”) (the SHA and SSA are collectively referred to as
“Transaction Documents”).
This intimation is being made in compliance with Regulations 30, read with Schedule III and other
applicable regulations of the SEBI Listing Regulations and the required disclosure is enclosed as
Annexure A.
This is for your information and record.
Yours Faithfully,
For Jupiter Wagons Limited
Ritesh Kumar Singh
Company Secretary and Compliance Officer
Corporate Office : 16 Taratala Road, Kolkata - 700088 (W.B.) Phone : 033-6522 9400/01
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
The details as required under SEBI Listing Regulations read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are as under:
S. No. Particulars Details
1. Name(s) of parties with whom the The Transaction Documents been executed
agreement is entered. between the Jupiter Wagons Limited
(“Company”), Jupiter Tatravagonka
Railwheel Factory Private Limited
(“JTRWF”), Lucchini RS Holding S.p.A.
(“Lucchini”), Simest S.p.A. (“Simest”)
(Lucchini and Simest are collectively referred
to as “Investors”)
2. Purpose of entering into the agreement. To record the terms and conditions of the
investment by the Investors in JTRWF.
3. Shareholding, if any, in the entity with The Investors shall hold the legal and
whom the agreement is executed. beneficial ownership to 25% of the share
capital plus 1 share of JTRWF and the
Company shall hold the balance shareholding
in JTRWF.
4. Significant terms of the agreement (in The Company is a party to the Transaction
brief) special rights like right to appoint Documents in the capacity of promoter of
directors, first right to share subscription in JTRWF. Accordingly, there will be no impact
case of issuance of shares, right to restrict on its board of directors or capital structure of
any change in capital structure etc. the Company.
The SSA, inter alia, sets out the conditions for
completion of the proposed investment by the
Investors and customary inter se
representations, warranties and indemnity
provisions. The SHA sets out the inter se
rights and obligations between the parties for
the management of JTRWF, including non-
compete provisions, transfer restrictions and
exit rights.
5. Whether, the said parties are related to The Company is the holding company of
promoter/promoter group/ group JTRWF. The Investors are not related to the
companies in any manner. If yes, nature of promoter/ promoter group / group companies
relationship. in any manner.
6. Whether the transaction would fall within The transaction is not in the nature of a
related party transactions? If yes, whether
Corporate Office : 16 Taratala Road, Kolkata - 700088 (W.B.) Phone : 033-6522 9400/01
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
S. No. Particulars Details
the same is done at “arm’s length”. related party transaction.
7. In case of issuance of shares to the Pursuant to the SSA, subject to completion of
parties, details of issue price, class of the relevant conditions precedent, the
shares issued. Investors shall subscribe to 111,649,274 (one
hundred and eleven million six hundred forty
nine thousand two hundred and seventy four)
equity shares of JTRWF, at a price of INR 26
per equity share including premium of INR
16 per equity share.
8. Any other disclosures related to such Please see paragraph 4 above.
agreements, viz., details of nominee on the
board of directors of the listed entity,
potential conflict of interest arising out of
such agreements, etc.
9. In case of termination or amendment of Not applicable
agreement, listed entity shall disclose
additional details to the stock exchange(s):
i. name of parties to the agreement;
ii. nature of the agreement;
iii. date of execution of the agreement;
iv. details of amendment and impact
thereof or reasons of termination and
impact thereof.
Corporate Office : 16 Taratala Road, Kolkata - 700088 (W.B.) Phone : 033-6522 9400/01
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