Jupiter Wagons Limited — Others, 30-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Jupiter Wagons Limited has provided an update on the utilization of funds raised through its preferential issues for the quarter ended December 31, 2024. The company reported that funds amounting to ₹403.41 crores from the Qualified Institutions Placement (QIP) and ₹33.75 crores from Convertible Warrants were utilized as originally planned, with no deviations noted. They raised an additional ₹800 crores through another QIP, also confirming alignment with the intended objectives. This consistent fund usage enhances investor confidence in Jupiter Wagons' operational integrity and strategic direction, suggesting a positive outlook for shareholder value creation.