Jupiter Infomedia board approves AI, renewable energy expansion

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.

Agenda Item	Details
Board Meeting Date	June 1, 2026
EGM Date	June 24, 2026
EGM Mode	Audio Visual means
Key Objective	Alteration of Memorandum of Association

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.14%	-3.33%	-13.73%	+60.09%	+7.42%	+124.31%

Umesh Vasantlal Modi, a former promoter of Jupiter Infomedia , reduced his shareholding by disposing of 2,50,000 equity shares on May 25, 2026. The transaction was executed through the open market mechanism, as per the regulatory filing submitted to BSE Limited. The disclosure was made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(3) of the Prohibition of Insider Trading Regulations, 2015.

Shareholding Details

The disposal resulted in a reduction of the shareholder's stake in the company. Prior to the transaction, the individual held 5,77,872 shares, which represented 5.77% of the total share capital. Following the sale of 2,50,000 shares, the holding stands at 3,27,872 shares, accounting for 3.27% of the total voting capital.

Transaction Breakdown

The following table outlines the changes in shareholding as disclosed in the filing:

Description	Number of Shares	% of Total Share Capital	% of Diluted Share Capital
Holding Before Disposal
Shares carrying voting rights	5,77,872	5.77	5.77
Details of Sale
Shares sold	2,50,000	2.50	2.50
Holding After Disposal
Shares carrying voting rights	3,27,872	3.27	3.27

Regulatory Context

The filer clarified that he is a former promoter who sold the majority of his shareholding to new acquirers who subsequently became promoters of the company. He stated that he is currently neither a promoter, nor a director, nor in control or management of the company. The equity share capital of Jupiter Infomedia Limited remains at Rs. 10,02,00,000, divided into 1,00,20,000 equity shares of Rs 10 each.