Jupiter Infomedia has witnessed a significant stake acquisition by investor Divyeshkumar Mansukhlal Savaliya, who purchased 619582 shares representing 6.18% of the company's total share capital through an open market transaction. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The acquisition represents Savaliya's entry into Jupiter Infomedia as a significant shareholder, having previously held no shares in the company. The transaction was executed through open market purchase on March 25, 2026.

Shareholding Pattern

Following the acquisition, Savaliya's complete shareholding in Jupiter Infomedia stands at 619582 shares, constituting 6.18% of both the total share capital and diluted share capital of the company.

Company Capital Structure

Jupiter Infomedia's equity share capital remains unchanged at Rs. 10,02,00,000, divided into 1,00,20,000 equity shares of Re. 10/- each. The company's shares are listed on BSE Limited.

Regulatory Compliance

The disclosure confirms that Savaliya does not belong to the promoter or promoter group of Jupiter Infomedia. The acquisition has been properly disclosed in accordance with SEBI regulations governing substantial acquisitions of shares and takeovers. The formal disclosure was digitally signed and submitted from Rajkot on March 27, 2026.

Jupiter Infomedia Limited has formally announced the resignation of Mr. Anilkumar Mohanlal Agrawal as Independent Director, effective from the close of business hours on March 30, 2026. The resignation was communicated to BSE Limited through a comprehensive regulatory filing under Scrip Code 534623, ensuring full compliance with SEBI disclosure requirements.

Board Composition Changes

Mr. Anilkumar Mohanlal Agrawal, holding Director Identification Number (DIN) 07659883, submitted his resignation citing pre-occupation and other personal commitments as the primary reasons for his departure. The resignation impacts multiple board positions, as he will simultaneously step down from his roles in key committees.

Committee Memberships Affected

The resignation will result in changes to the composition of several important board committees. Mr. Agrawal's departure affects his membership in three critical committees that oversee various aspects of corporate governance and operations.

Regulatory Compliance and Documentation

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the regulations, including the resignation letter and detailed annexure containing specific information about the directorship change.

Director's Confirmation and Declaration

In his formal resignation letter dated March 30, 2026, Mr. Agrawal confirmed that there were no other material reasons for his resignation beyond those mentioned. He also declared that he does not hold any other directorship or membership of board committees in any other listed entity, ensuring transparency in the disclosure process.

The resignation letter was formally received and accepted by the company, with proper documentation and acknowledgment procedures followed as per corporate governance requirements. Mr. Agrawal expressed gratitude to the Board and Committee members for their support during his tenure as Independent Director.