Jupiter Wagons Limited’s Board of Directors met on August 14, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. Key decisions included the re-appointment of Mrs. Madhuchhanda Chatteejee and Mr. Avinash Gupta as Independent Directors for a second five-year term. Additionally, Mr. Vivek Lohia (Managing Director) and Mr. Vikash Lohia (Deputy Managing Director) were re-appointed for similar terms. The board also approved alterations to the Memorandum and Articles of Association, subject to shareholder approval.
Jupiter Wagons Board Approves Financials and Director Re-appointments
Jupiter Wagons Limited announced the outcome of its Board of Directors meeting held on August 14, 2026. The board has approved the unaudited financial results, both standalone and consolidated, for the quarter ended June 30, 2026. These results are presented as per IND AS along with the Auditors’ Report.
Key Director Re-appointments
In significant governance decisions, the board has approved the re-appointment of key leadership members:
- Mrs. Madhuchhanda Chatteejee (DIN: 02510507) has been re-appointed as an Independent Director for a second term of five consecutive years, commencing from May 30, 2027, to May 29, 2032. She will not be liable to retire by rotation, subject to shareholder approval.
- Mr. Avinash Gupta (DIN: 02783217) has also been re-appointed as an Independent Director for a similar second term of five years, from May 30, 2027 to May 29, 2032, also not liable to retire by rotation, pending shareholder approval.
- Mr. Vivek Lohia (DIN: 00574035), Managing Director (Promoter and Executive), has been re-appointed for a further period of 5 years, from May 30, 2027 up to May 29, 2032. He will be liable to retire by rotation, subject to shareholder approval.
- Mr. Vikash Lohia (DIN: 00572725), Deputy Managing Director (Promoter and Executive), has been re-appointed for a further period of 5 years, from May 30, 2027 up to May 29, 2032, and will be liable to retire by rotation, subject to shareholder approval.
Alterations to MOA and AOA
Furthermore, the Board has approved the alteration of the Object Clause and adopted a new set of the Memorandum of Association (MOA) of the Company as per the Companies Act, 2013. Similarly, a new set of Articles of Association (AOA) has been adopted, also in compliance with the Companies Act, 2013. Both these changes are subject to the approval of the shareholders of the Company. An additional modification to the object clause for funds raised through Qualified Institutions Placement in December 2023 was also approved, pending shareholder consent.
A copy of the financial results and the auditors’ report is enclosed as Annexure A. Information pertaining to the director re-appointments and MOA/AOA alterations is provided in Annexure B. These announcements are also available on the company’s website.
Source: BSE
