Netlink solutions India Ltd has received a disclosure under SEBI regulations regarding a substantial acquisition of shares by Divyeshkumar Mansukhlal Savaliya. The transaction represents a notable investment in the company's equity through open market purchase.

Acquisition Details

Divyeshkumar Mansukhlal Savaliya acquired 116535 shares of Netlink Solutions India Ltd on March 25, 2026, through open market transactions. The acquisition represents 4.61% of the company's total share capital and voting rights.

Shareholding Pattern Changes

Prior to this acquisition, Savaliya held no shares in Netlink Solutions India Ltd. The transaction marks his initial investment in the company, bringing his total holding to 4.61% of the equity share capital.

Company Share Capital Structure

Netlink Solutions India Ltd maintains a consistent equity share capital structure before and after the acquisition. The company's total equity share capital stands at Rs. 2,52,92,250, divided into 25,29,225 equity shares of Re. 10 each.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Savaliya is not part of the promoter or promoter group of the company. The company's shares are listed on BSE Limited.

The acquisition was digitally signed and submitted from Rajkot on March 27, 2026, fulfilling the mandatory disclosure requirements for substantial shareholding changes in listed companies.

Netlink Solutions (India) Ltd has received formal requests from its existing promoters for reclassification from "Promoter Category" to "Public Category" following the completion of management control transfer to Arix Capital Limited and associates. The company filed regulatory intimation on March 26, 2026, confirming receipt of reclassification applications under Regulation 31A(10) of SEBI LODR 2015.

Control Transfer and Open Offer Completion

The management control change was completed through a Share Purchase Agreement dated April 9, 2025, where Arix Capital Limited acquired 51.00% equity in Jupiter Infomedia Limited, the holding company. This acquisition triggered indirect control over Netlink Solutions under Regulations 3(1), 4 and 5(1) of SEBI SAST Regulations 2011.

The acquiring parties include Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad, who collectively triggered a mandatory open offer for 26.00% of Netlink Solutions' voting share capital.

Formal Reclassification Request Received

On March 26, 2026, the company received formal applications from Mr. Minesh V Modi and Mrs. Rupa Minesh Modi seeking reclassification from promoter to public category. The reclassification request was made pursuant to the completion of the open offer and change in control and management.

Regulatory Compliance and Undertakings

The reclassification applicants provided comprehensive undertakings confirming compliance with all regulatory requirements. They certified that they do not hold more than 10.00% of total voting rights, do not exercise control over company affairs, and have no special rights or board representation.

The applicants committed to comply with specified conditions for a minimum period of three years from the reclassification date, ensuring adherence to Regulation 31A(3) and 31A(4) requirements.

Documentation and Next Steps

The company has filed the complete reclassification request documentation with BSE Limited under scrip code 509040. The application includes detailed background information, rationale for reclassification, and formal undertakings as required under SEBI regulations.

The reclassification process represents the final step in the comprehensive management transition that began with the Share Purchase Agreement and will be subject to stock exchange approval following regulatory review.