Jupiter Wagons approves re-appointment, alloy steel foundry relocation

Jupiter Wagons (BSE:JWL) announced key decisions made at its Board of Directors meeting on March 4, 2025, including the re-appointment of Mr. Ganesan Raghuram as an Independent Director for a second five-year term, effective May 19, 2025, subject to shareholder approval. The board also approved material related party transactions with Jupiter Tatravagonka Railwheel Factory Private Limited (JTRFPL), formerly Bonatrans India Private Limited, involving long-term purchase and sale agreements up to Rs. 2000 Crores. Furthermore, the company has modified the location of its new Captive Alloy Steel Foundry, relocating it from Jabalpur, Madhya Pradesh, to Bandel, West Bengal, at its existing facility. Jupiter Wagons will seek shareholder approval for these changes through a postal ballot.