Statement of deviation(s) or variation(s) under Reg. 32
As filed · Jupiter Wagons Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
What happened
FactStatement of deviation(s) or variation(s) under Reg. Equity Shares through Qualified Institutions Placement and preferential issue of Convertible. utilization of funds raised through preferential issue for the quarter ended September 30, 2026 as per the details.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
Delayedfrom FY27, you will see a big ramp-up on the business.
from FY28 onwards the business is going to turn EBITDA positive for us because as FY27 for us is building on our core technology and building on order books.
Change
FactImplication
CapitSignal interpretationGuidance
Delayedbefore the end of the third quarter, all the JVs will start reporting positive EBITDAs as per our estimations.
from FY27, you will see a big ramp-up on the business.
Change
FactImplication
CapitSignal interpretationGuidance
Delayedfrom FY28 onwards the business is going to turn EBITDA positive for us because as FY27 for us is building on our core technology and building on order books.
from third quarter onwards, Stone India will become profitable, maybe in the second quarter, you may see a slight borderline negative numbers.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
- the EBITDA will be 15% plus on the business. (management committed by FY28)
- we have set ourselves an aspirational target of INR 1,000 Crore in revenue from the battery and BESS vertical (management committed by FY27)
Evidence
- Jupiter Wagons Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%