JUPITER WAGONS LIMITED — Capital/Financing Update 2023

Nov 29, 2023

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Date: 29[th] November, 2023

The Deputy General Manager, The Deputy General Manager, Corporate Relationships Department, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 SCRIP CODE : 533272 SCRIP SYMBOL : JWL

Sub: Qualified institutions placement of equity shares of face value Rs. 10 each (the “Equity Shares”) by Jupiter Wagons Limited (the “Company”) under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”) (the “Issue”).

Dear Sir/ Madam,

1. We wish to inform you that subsequent to the approval accorded by the board of directors of the Company (the “ Board ”), at its meeting held on September 5, 2023 and the special resolution passed by the shareholders of the Company through postal ballot dated October 25,2023, the QIP Committee (“ Committee ”) has at its meeting held today i.e. 29[th] November, 2023, inter alia , passed resolutions for the following:

2. a. Approved and adopted the preliminary placement document dated 29[th] November, 2023 and the application form dated 29[th] November, 2023 in connection with the Issue (“ Preliminary Placement Document ”);

3. b. Authorised the opening of the Issue today, i.e. 29[th] November, 2023; and

4. c. Approved the floor price of Rs. 331.34 for the Issue under the SEBI ICDR Regulations.

5. In relation to the Issue, we have filed the Preliminary Placement Document with your office on 29[th] November, 2023 i.e., today.

6. We further wish to inform you that the ‘Relevant Date’ for the purpose of the Issue, in terms of the Regulation 171(b)(i) of the SEBI ICDR Regulations, is November 29, 2023 and accordingly the floor price in respect of the aforesaid Issue, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations is Rs. 331.34 per Equity Share. Pursuant to the SEBI ICDR Regulations, the Company may offer a discount of not more than 5% on the floor price so calculated for the Issue.

7. In terms of Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“ SEBI LODR Regulations ”), we wish to inform you that a meeting of the Committee is scheduled to

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be held on December 4, 2023 to, inter alia, consider and determine the issue price for the Equity Shares to be allotted to qualified institutional buyers pursuant to the issue.

The meeting of the QIP Committee commenced at 9:00 P.M. and concluded at 9:20 P.M.

We request you to take the above on record and the same be treated as compliance under the applicable provisions of the SEBI LODR Regulations, as amended.

Thanking you,

Yours truly, For Jupiter Wagons Limited (Formerly known as Commercial Engineers & Body Builders Company Limited)

Digitally signed by RITESH KUMAR RITESH KUMAR SINGH SINGH Date: 2023.11.29 21:25:43 +05'30'

Ritesh Kumar Singh Company Secretary and Compliance Officer

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