Jupiter Infomedia Limited shareholders approved raising funds through the preferential issue of 81,95,000 convertible warrants at an issue price of ₹61 per warrant during an Extraordinary General Meeting (EGM) held on June 24, 2026. The meeting, conducted via video conferencing, also sanctioned alterations to the company's Memorandum of Association, including changes to the object clause, name clause, and capital clause to increase authorized share capital. Additionally, the registered office will be shifted from Maharashtra to Gujarat following the approval of a special resolution.

The board sought confirmation for the appointment of four directors as part of the special business. Ms. Kajal Gopal Baldha was confirmed as Whole Time Director under the Promoter Category, while Mr. Viren Sudhirbhai Bakraniya and Mr. Ankit Dave were confirmed as Directors under the Professional Category. Ms. Payal Dhamecha was appointed as an Independent Director. The meeting also approved a reclassification request received from the promoters of the company.

Mr. Malay Desai, Practicing Company Secretary, served as the Scrutinizer for the meeting, ensuring the voting process was conducted fairly. The E-voting facility was provided to members pursuant to Section 108 and 109 of the Companies Act, 2013, and relevant SEBI regulations. Although four shareholders had requested to speak, none raised questions during the question-answer session.

Resolutions Passed

The shareholders passed ten resolutions during the meeting, covering director appointments and structural changes. The key resolutions included the preferential issue of warrants and the alteration of the registered office clause. All resolutions were passed with the requisite majority and were deemed effective as of June 24, 2026.

The Scrutinizer will submit the report on voting results within 48 hours from the conclusion of the meeting. The E-voting window remained open until 11:35 A.M. on June 24, 2026, following the conclusion of the proceedings at 11:20 A.M.

Jupiter Infomedia Limited has approved the alteration of its Memorandum of Association (MoA) to include new business areas such as Artificial Intelligence (AI), machine learning, and renewable energy solutions. The decision was taken during its board meeting held on June 1, 2026. The company has scheduled an Extraordinary General Meeting (EGM) on June 24, 2026, through audio-visual means to seek shareholder approval for these changes.

Proposed Business Expansion

The board approved the addition of several new objects to the Main Object Clause. These include developing, manufacturing, and trading in IT solutions, AI, IoT, and data analytics. The company also plans to enter the renewable energy sector, including nuclear energy, bio-gas, hydrogen technologies, and Battery Energy Storage Systems (BESS). Furthermore, the proposed objects cover acting as EPC contractors and project developers for civil infrastructure and renewable energy projects.

EGM Details

The EGM will be held on June 24, 2026. The notice for the meeting was approved by the board. The meeting aims to secure shareholder consent for the alteration of the MoA.

Key Resolutions

The proposed alterations encompass a wide range of activities from digital platforms for energy optimization to R&D in green hydrogen. The company also intends to promote sustainability and carbon reduction through innovative technologies.