Jupiter Wagons announced that the stock exchanges have approved the reclassification of Ms. Sagarika Gupta from the ‘Promoter’ category to the ‘Public’ shareholder category, effective September 18, 2025. This decision follows an application submitted in August 2025 and aligns with regulatory requirements for shareholder classification. The company has provided details of the adjusted shareholding structure after this reclassification.
Shareholder Category Update
Jupiter Wagons has received approval from both the National Stock Exchange of India (NSE) and BSE Limited for the reclassification of a promoter. Effective September 18, 2025, Ms. Sagarika Gupta has been reclassified from the ‘Promoter’ category to the ‘Public’ shareholder category.
Impact on Shareholding
The reclassification results in a slight change in the shareholding percentages. Prior to the reclassification, the Promoters & Promoter Group held 28,91,14,536 shares, representing 68.11% of the total shareholding. Following the reclassification, the Promoters & Promoter Group now hold 28,90,59,436 shares, representing 68.09%. The public shareholding has increased to 13,54,38,613 shares representing 31.91% from the earlier 13,53,83,513 shares representing 31.89%.
Timeline of Events
The company submitted its initial application for reclassification in August 14, 2025. Approval from the stock exchanges was granted on September 18, 2025, and the reclassification is now effective.
Source: BSE
