Jupiter Wagons Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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Jupiter Wagons Limited's Board of Directors, at its meeting on May 19, 2025, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, with an unmodified opinion from statutory auditors Walker Chandiok & Co LLP. The Board also approved the re-appointment of Walker Chandiok & Co LLP as Statutory Auditors for a second 5-year term until the 50th AGM in 2030. Additionally, M R & Associates was appointed as Secretarial Auditors for 5 years, K DAS & Associates as Cost Auditor for FY 2025-26, and Mr. Abhishek Jaiswal was re-appointed as Whole Time Director and CEO for the period October 14, 2025 to October 13, 2027. The consolidated results include four subsidiaries contributing total assets of ₹91,375.57 Lakhs and revenues of ₹33,394.55 Lakhs, while four joint ventures reported a net loss of ₹1,191.53 Lakhs. All these appointments are subject to shareholder approval at the upcoming 45th AGM.
The clean (unmodified) audit opinion is a positive signal, indicating no major accounting concerns for FY25. The re-appointment of the existing auditor and CEO suggests continuity in governance, though shareholders will need to approve these moves at the upcoming AGM. The losses from joint ventures are a minor watchpoint.