Jupiter Wagons Limited has informed the Exchange regarding Demise of Mr Santanu Ray, Independent Director of the company on April 18, 2026.
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Jupiter Wagons Limited has announced the death of Mr. Santanu Ray, Independent Director (DIN: 00642736), who passed away on April 18, 2026. The company described him as an esteemed board member who contributed significantly through his experience, guidance, and leadership. The disclosure was made under SEBI Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015. The company expressed deep sympathy and condolences to his family members. This removes one independent director from the board composition.
The passing of an independent director reduces board independence and may require the company to appoint a new independent director to maintain compliance with corporate governance requirements. This creates some uncertainty around board composition but is not a governance concern.