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 disclosure under SEBI regulations regarding a substantial acquisition by investment entities Shivaan Capitalnest Advisors and Daizy Wealthedge Advisors. The acquisition represents a significant increase in their shareholding in the BSE-listed company.

Acquisition Details

The two entities, acting in concert, acquired 4,02,464 equity shares representing 4.02% of the total share capital through open market transactions on March 24, 2026. This acquisition increased their combined holding from the previous 1,01,022 shares (1.01%) to 5,03,486 shares (5.03%).

Shareholding Pattern Changes

The acquisition resulted in a substantial change in the shareholding pattern of the acquirers in Jupiter Infomedia Limited:

Company Structure

Jupiter Infomedia Limited maintains its equity share capital structure unchanged following this acquisition. The company's equity share capital remains at ₹10,02,00,000 divided into 1,00,20,000 equity shares of ₹10 each. The acquirers are not part of the promoter or promoter group of the target company.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure when an acquirer's shareholding crosses certain thresholds. The disclosure was signed by Vaishali Sukhadiya, Partner at Shivaan Capitalnest Advisors, confirming the transaction details and regulatory compliance.