Arix Energix Limited concluded its 21st Annual General Meeting on September 29, 2026, with shareholders approving the audited financial statements for FY26. The meeting, conducted via video conferencing, also authorized related party transactions for the upcoming fiscal year.

The company, formerly known as Jupiter Infomedia Limited, changed its name effective July 17, 2026, following a special resolution passed in June 2026. The name change application is currently under process with BSE Limited.

Key resolutions approved

The agenda included ordinary business items such as the adoption of financial statements and director re-appointment. Special business focused on authorizing transactions with related parties.

Kajal Gopal Baldha, Executive Director, retired by rotation and was re-appointed after offering herself for re-election. The meeting commenced at 1:30 pm and concluded at 1:40 pm.

Governance and compliance

Viren Sudhirbhai Bakraniya served as Managing Director during the proceedings. Malay Desai, Proprietor of M/s. Malay Desai & Associates, acted as the scrutinizer to ensure a fair voting process. E-voting results were deemed passed with requisite majority on the date of the meeting.

The board acknowledged that no registered speakers turned up for the question-answer round. The scrutinizer is expected to submit the final voting report within 48 hours of the meeting's conclusion.

Jupiter Infomedia has incorporated a wholly-owned subsidiary in the United Arab Emirates to expand its geographic footprint. The new entity, Arix Metals Trading FZCO, was established on September 15, 2026, with an initial paid-up capital of AED 1,00,000.

The company, which changed its name from Jupiter Infomedia Limited to Arix Energix Limited effective July 17, 2026, disclosed the incorporation under Regulation 30 of the SEBI Listing Regulations. The move follows a special resolution passed by members at the general meeting held on June 24, 2026.

Strategic Expansion Details

The subsidiary operates in the trading sector, specifically engaged in metal scrap trading. The board identified geographic market expansion in the UAE as the primary objective for this corporate action.

The acquisition involved a cash consideration of AED 1,00,000. As a wholly-owned subsidiary, the entity is classified as a related party transaction upon incorporation. No promoter group or group companies hold interest outside the listed entity's control.

What the Numbers Show

The initial capital outlay of AED 1,00,000 represents a minimal financial commitment for international market entry. The absence of prior turnover for the subsidiary indicates this is a greenfield operation rather than an acquisition of an existing revenue-generating business.