Jupiter Infomedia Limited has completed a comprehensive change in control and management following the acquisition of majority stake by new investors. The Board of Directors, in its meeting held on March 26, 2026, formalized the leadership transition that accompanies the change in ownership structure through an official outcome disclosure to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details and Ownership Transfer

The management change follows a share purchase agreement dated April 9, 2025, through which Arix Capital Limited and Kajal Gopal Baldha collectively acquired 51,10,000 equity shares representing approximately 51.00% of the voting share capital. The acquisition was completed through a subsequent open offer to public shareholders in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Leadership Resignations

As part of the management transition, the Board took note of resignations from existing promoter directors and key management personnel effective March 26, 2026. The resignations were submitted in accordance with the terms of the share purchase agreement and represent the final step in the change of control process.

With these resignations, Umesh Vasantlal Modi, Manisha Umesh Modi, Kusumben Vasantlal Modi, and Aishwarya Umesh Modi fully cease to hold any direct or indirect control or management over the company's affairs.

New Board Appointments

The Board approved the appointment of new directors to reflect the changed ownership structure. Based on recommendations from the Nomination and Remuneration Committee and Audit Committee, the following appointments were made effective March 26, 2026:

New Leadership Profiles

Viren Bakraniya brings over four years of post-qualification experience as a qualified Chartered Accountant in finance, taxation, and financial strategy. Currently serving as Director at Arix Capital Limited, he has previously worked with Ernst & Young in Corporate & International Tax, Reliance Industries in Financial Planning & Analysis, and Onix Renewable in Investor Relations.

Kajal Baldha serves as Promoter and Director of Arix Capital Limited since its incorporation, bringing over 10 years of experience in services, advisory, and consultancy businesses. She holds a Bachelor of Science degree from Veer Narmad South Gujarat University (2006) and has been serving as Director at Arix Capital Limited since April 2019.

Promoter Reclassification

The Board approved the reclassification request from the outgoing promoter group, seeking to move from "Promoter/Promoter Group Category" to "Public" category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board noted that all criteria for reclassification have been fulfilled, subject to requisite approvals from the Stock Exchange.

The comprehensive management transition marks the completion of the change in control process initiated through the share purchase agreement and subsequent open offer under SEBI regulations.

Jupiter Infomedia Limited has received a regulatory disclosure from its promoter and managing director Umesh Vasantlal Modi regarding the disposal of equity shares. The transaction was executed in compliance with Securities and Exchange Board of India regulations governing substantial shareholding changes and insider trading norms.

Share Disposal Transaction Details

Modi disposed of 4,00,000 equity shares on March 24, 2026, representing 3.99% of the company's total share capital. The transaction was conducted through open market sales, marking a significant reduction in his promoter shareholding.

Regulatory Compliance and Documentation

The official disclosure was submitted to BSE Limited on March 25, 2026, through a formal communication addressed to the Department of Corporate Services at BSE's Dalal Street office in Mumbai. The disclosure was made under dual regulatory frameworks:

The formal disclosure letter was digitally signed by Modi at 12:00:38 +05'30' on March 25, 2026, with all required Form C documentation submitted as enclosures.

Company Share Capital Structure

Jupiter Infomedia Limited's equity share capital structure remained unchanged following the transaction:

Promoter Profile and Transaction Impact

Umesh Vasantlal Modi serves as the promoter and managing director of Jupiter Infomedia Limited with Director Identification Number (DIN) 01570180. The disposal was executed through open market transactions, reducing his stake from 18.24% to 14.25% while maintaining his executive role in the company. The transaction represents a strategic reduction in promoter shareholding through regulated market mechanisms.