Please find enclosed the Monitoring Agency Report(s) for the quarter ended June 30, 2026

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: Monitoring Agency Report(s) for the quarter ended June 30, 2026 Ref: Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“Listing Regulations”). Dear Sir, Pursuant to Regulation 32(6) of the Listing Regulations, we are enclosing herewith the Monitoring Agency Report dated August 14, 2026 for the quarter ended June 30, 2026, in relation to the Qualified Institutional Placements (QIPs) of Equity Shares of the Company as received from Monitoring Agency, Care Ratings Limited as per the details given hereunder: Sl. Particulars Date of Monitoring Agency Attachment(s)/Remarks No. Agreement 1. QIP November 23,2023 Annexure A 2. Warrants May 19, 2024 No Annexure (Funds Fully Utilized) 3. QIP July 5, 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 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 No. CARE/KRO/GEN/2026-27/1072 Board of Directors Jupiter Wagons Limited 48, Vandana Vihar Narmada Road, Gorakhpur, Jabalpur Madhya Pradesh - 482001 August 14, 2026 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026- in relation to the Qualified Institutional Placement of Jupiter Wagons Limited (“the Company”) We write in our capacity of the Monitoring Agency for the Qualified Institutional Placement for the amount aggregating to Rs. 403.41 crore of the Company and refer to our duties cast under Regulation 173A of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated November 23, 2023. Request you to kindly take the same on records. Thanking you, Yours faithfully, Richa Bagaria Associate Director Richa.jain@careedge.in CARE Ratings Limited Unit No. A/7/4, 7th Floor Block A, Apeejay House, 4th Floor, Godrej Coliseum, Somaiya Hospital 15 Park Street, Kolkata – 700016 Road, Off Eastern Express Highway, Sion (East), Phone: +91-33-4018 1600/2283 1803 Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Report of the Monitoring Agency Name of the issuer: Jupiter Wagons Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (b) Range of Deviation: Not applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an ‘expert’ as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Richa Bagaria Designation of Authorized person/Signing Authority: Associate Director CARE Ratings Limited Unit No. A/7/4, 7th Floor Block A, Apeejay House, 4th Floor, Godrej Coliseum, Somaiya Hospital 15 Park Street, Kolkata – 700016 Road, Off Eastern Express Highway, Sion (East), Phone: +91-33-4018 1600/2283 1803 Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 1) Issuer Details: Name of the issuer : Jupiter Wagons Limited Name of the promoter : Mr. Vivek Lohia and Mr. Vikash Lohia Industry/sector to which it belongs : Metals / Wagon manufacturer 2) Issue Details Issue Period : November 29, 2023 – December 04, 2023 Type of issue (public/rights) : Qualified Institutional Placement of equity shares Type of specified securities : Equity Shares IPO Grading, if any : Not applicable Issue size (in Rs. crore) : Rs. 403.41 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Board of Monitoring Agency preparation of report Directors Whether all utilization is as per the disclosures in the Offer Yes Chartered Accountant certificate*, Bank No Comments Document? Statement, Placement document and There was no utilization of Whether shareholder approval has been obtained in case of Shareholder’s approval for revision in proceeds during the quarter. material deviations# from expenditures disclosed in the Offer Not Applicable No Comments object. Document? Chartered Accountant certificate*, Bank Whether the means of finance for the disclosed objects of the Statement, Placement document and No Nil No Comments issue have changed? Shareholder’s approval for revision in object. Is there any major deviation observed over the earlier No Report dated May 08, 2026 Nil No Comments monitoring agency reports? Whether all Government/statutory approvals related to the Management undertaking / Yes Nil No Comments object(s) have been obtained? Chartered Accountant certificate* CARE Ratings Limited Unit No. A/7/4, 7th Floor Block A, Apeejay House, 4th Floor, Godrej Coliseum, Somaiya Hospital Road, 15 Park Street, Kolkata – 700016 Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-33-4018 1600/2283 1803 - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Board of Monitoring Agency preparation of report Directors Whether all arrangements pertaining to technical Management undertaking / Not Applicable Nil No Comments assistance/collaboration are in operation? Chartered Accountant certificate* There has been a del [Showing first 8,000 characters — download PDF for full document]