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.

Arix Energix Limited has scheduled its 21st Annual General Meeting for Tuesday, September 29, 2026. The meeting will be held via video conferencing to discuss financial results and corporate governance matters.

The company, formerly known as Jupiter Infomedia Limited, officially changed its name effective July 17, 2026. Shareholders on record as of the cut-off date, Wednesday, September 23, 2026, will be eligible to vote.

Financial Performance

The Board of Directors will seek approval for the audited standalone and consolidated financial statements for FY26. Consolidated revenue from operations rose to ₹237.96 lakh from ₹188.97 lakh in the previous year. However, consolidated profit after tax fell sharply to ₹96.79 lakh from ₹561.38 lakh.

Standalone operations reported a net loss of ₹28.17 lakh, a reversal from a profit of ₹52.99 lakh recorded in FY25. Total standalone expenditure remained relatively stable at ₹51.72 lakh compared to ₹51.55 lakh previously.

What the Numbers Show

The divergence between consolidated and standalone results highlights the group's reliance on investment income. While the parent company posted a standalone loss, the consolidated entity remained profitable due to contributions from subsidiaries. Other income at the consolidated level stood at ₹362.19 lakh, significantly outweighing operational revenues and driving the bottom line despite higher total expenses of ₹540.80 lakh.

Corporate Actions

The agenda includes the reappointment of Mrs. Kajal Gopal Baldha as a Non-Executive Director. She retires by rotation but is eligible and offering herself for re-election. Additionally, shareholders will vote on authorizing related-party transactions for FY27, with estimated values capped at ₹10 crore per annum for specific promoter-linked entities.

The company has also amended its main objects to include comprehensive IT solutions, artificial intelligence, and renewable energy initiatives. A proposed preferential issue of warrants worth up to ₹49.98 crore was withdrawn due to unfavorable market conditions.

E-Voting Details

In compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has enabled remote e-voting through National Securities Depository Limited (NSDL).

The remote e-voting period commences at 9:00 am on Saturday, September 26, 2026, and ends at 5:00 pm on Monday, September 28, 2026. Members holding shares as on the cut-off date of September 23, 2026, are entitled to cast their votes electronically. Once a vote is cast, it cannot be changed subsequently. Members who have voted remotely may attend the AGM but cannot vote again.