Statement of deviation(s) or variation(s) under Reg. 32

August 14, 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: Statement of Deviation or Variation in utilization of funds raised through preferential issue of Equity Shares through Qualified Institutions Placement and preferential issue of Convertible Warrants of the Company for the quarter ended June 30, 2026. Dear Sir, Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Statement of Deviation or Variation in utilization of funds raised through preferential issue for the quarter ended June 30, 2026 as per the details given hereunder: Sl. No. Particulars Attachment(s)/Remarks 1. QIP-December, 2023 Annexure A 2. Warrants- June,2024 No Annexure (Funds Fully Utilized) 3. QIP-July, 2024 No Annexure (Funds Fully Utilized) You are requested to take the above information on 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 A. Statement of Deviation/ Variation in use of proceeds: Name of the Listed Entity Jupiter Wagons Limited Mode of Fund Raising Issue of Equity shares of the Company by way of Qualified Institutions Placement. Date of Raising Funds 4th December, 2023 Amount Raised Rs. 403.41 Crores (approx.) Rs.394.18 Crores (Net Proceeds) Report filed for quarter ended 30th June, 2026 Monitoring Agency Yes Monitoring Agency Name, if applicable Care Ratings Limited Is there a deviation/ Variation in use of fund raised No Utilisation during the quarter If yes, whether the same is pursuant to change in Not Applicable terms of contract or objects which was approved by the shareholder If Yes, Date of shareholder approval Not Applicable Explanation for deviation / variation Not Applicable Comments of the Audit Committee after review None Comments of the auditor, If any None Object for which funds have been raised and where there has been deviation, in the following table: Original Modified Original Modified Funds Amount of Remarks if any Object Object, if Allocation allocation, if Utilised (Rs. Deviation/ any (Rs. In any In Crores) Variation for Crores) the quarter according to applicable object Setting up a Yes 50.00 No 6.36 NIL Pursuant to new captive Capacity utilisation Shareholder alloy steel expansion of during the approval dated foundry unit existing alloy quarter 18th April, 2025, at Jabalpur, steel foundry the unutilized Madhya at Bandel funds shall be Pradesh; utilized for enhancement of foundry capacity at Bandel unit. Funding No 215.00 No 215.00 NIL - working capital requirements Funding No 129.18 No 129.18 NIL - inorganic growth and general corporate purposes 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